Relevant and even prescient commentary on news, politics and the economy.

You searched for: label/foreign exchange reserves

Puzzling Polls

…in the abstract but popular in the concrete (and asphalt) . One way to reconcile the answers of those who flipped is that they want to cut foreign aid by…

CBO data on taxes and income

…results has been that since the early 1980s the US has increasingly lived beyond it means and ran up a major foreign debt to finance this consumption binge. The two…

Terrorism Expatriation Act

…Act” — or “TEA” — which would revoke the citizenship of any American “who is found to be involved with a foreign terrorist organization as designated by the State Department.”…

Thoughts on soveriegn debt

…must consider. External vs. domestic debt Japan has a lot of gross debt but most of it is issued domestically. Total foreign debt – debt held by foreign investors –…

Two BRICs: India vs. Brazil

…Brazil, too, but at a much slower rate. India (as I discussed in a previous post) has done this mostly through reducing barriers to inward foreign-direct investment. However, more domestic…