An extremely esoteric topic: Paris Club comparability.When the Paris Club grants debt relief to a country like Iraq, it typically requires that the country seek "comparable" debt relief from its othe…

Nothing really jumped out at me in today's TIC data.  The basic pattern hasn't changed.   Foreigners bought tons of US debt - nearly $100 billion in November.    Some of that financed the US current …

The FT’s Lex -- in the course of article that seems to suggest that the RMB will rise by far less than the market now expects -- says that China doesn’t import enough food for a stronger RMB to have …

Teis Knuthsen of Danske Bank: “Secretary Paulson claims the strong dollar policy remains in place but also that FX rates should be set in the markets, a combination that is currency inconsistent.”…