One time return to blogging
My post on the G-20′s agenda can be found on the official Pittsburgh Summit blog.
All great things have to end
This will be my last blog post, at least for the foreseeable future. I have accepted a new job, one...
Bonus graph
A quick chart showing how my estimates (from work I have done with Arpana Pandey of the CFR) for official...
Turning on a Paradigm
This post is by Mark Dow Very few things rouse the rabble as much as an ideological debate. And over...
China, new financial superpower …
One of the biggest economic and political stories of this decade has been China’s emergence as the world’s biggest creditor...
How much do the major Sovereign Wealth Funds manage?
This post is by Brad Setser and Rachel Ziemba of RGE Monitor A score of recent reports have put the...
Still growing …
The Fed’s custodial holdings of Treasuries just topped $2 trillion. Custodial holdings of Treasuries rose by $25 billion in July....
China linkfest
Qing Wang of Morgan Stanley: “Given China’s high national savings rate, from the perspective of the economy as a whole,...
Geoeconomics, in pictures
This post is by Brad Setser and Paul Swartz of the Council on Foreign Relations. No doubt today’s GDP release...
The (almost) dollar crisis of 2007 …
It is now rather common to argue that those economists who anticipated the crisis anticipated the wrong crisis – a...
Pot calling kettle black?
One thing that has puzzled me is that some of the countries that have — implicitly at least — been most critical of the expansion of the Fed’s balance sheet during the crisis have long had much larger balance sheets than the US Federal Reserve.
Before the crisis, the Fed’s balance sheet was around 6% of...
Doesn’t a smaller (external) deficit mean less dependence on (external) creditors, including China?
There is a common argument that the US depends more on China now than before because the US needs to issue so many Treasury bonds to finance its fiscal deficit.
I disagree, for two reasons:
First, the trade deficit is down significantly, so the amount that the US needs to borrow from the rest of the world...
