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July 29, 2005

China
Words of Wisdom from Ted Truman

It is always worth paying attention to what Ted Truman - former director of the Federal Reserve's international staff, and former Assistant Secretary of the Treasury -- is saying. And right now he is…

July 30, 2005

United States
Since the US government is unwilling to take any action, the US current account deficit cannot be a problem.

The IMF just published its annual report on the US economy. The report was in some ways remarkably frank.    And it outlined the core policy choice the US government has made, namely, not to do anyth…

August 16, 2005

Budget, Debt, and Deficits
Well, the 2005 fiscal deficit looks good …

I'll leave it to others (Brookings, Goldman, CBPP, DeLong with some help from Concord Coalition) to transform the CBO forecast into realistic projections.  Manipulating the CBO long-term budget forec…

September 22, 2005

Monetary Policy
Where are the world’s reserves going?

In my post "has the US outsourced creative thinking about external adjustment to France," I noted that purchases of Treasuries by central banks have fallen off - even though global reserve accumulati…

Where are the world’s reserves going?

April 10, 2006

China
China worries the US may want a “competitive” dollar

Xia Bin, head of the financial research institute at the cabinet's Development Research Centre, didn't use Martin Feldstein's clever term though.  He worries about a weak dollar policy."We cannot und…