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

You searched for: label/foreign exchange reserves

I haven’t done anything wrong

…data, collected through little-known arrangements that can blur the lines between domestic and foreign intelligence gathering. Supporters say the NSA is serving as a key bulwark against foreign terrorists and…

Capital Flows into the US

…of the balance of payments table that tracks international purchases and sales of assets, rather than goods and services. Today’s figures confirm that foreign central banks have, as far as…

A Few Notes on Trade

…from technological progress. (See the UPDATE at the bottom of this post for more on this subject.) Trade, and the threat of competition from foreign workers, may indeed alter the…

Greenspan Highlight Reel

…comparatively less buoyant growth of many foreign economies and the recent increase in the foreign exchange value of the dollar, our external sector does not yet seem poised to contribute…

IRS Budget: Penny-Wise, Pound Foolish

…NIPA tables 6.17 and 6.18, which note that taxes income those paid to Federal, state, and local government and taxes paid by domestic corporations to foreign governments on income earned…

The Moral Case for Liberalism

…to remain safe and legal; a recent survey showed that even self-identified Bush supporters generally preferred Kerry’s foreign policy positions to Bush’s position on most specific foreign-policy issues; and even…

…cheap” to change consumer’s spending habits while exports are still too expensive to entice foreigners into buying them. I wouldn’t put it past an incoming administration to strong-arm foreign central…

Record Foreign Investment and the Reagan-Bush Tax Cuts Let’s discuss two recent interpretations of the large current account deficits. First up is a good article from Reuters with the news…

…of grownup Republicans and Democrats will be speaking out this week against the Bush administration’s handling of foreign policy: Angered by President Bush’s conduct of foreign policy and dismayed about…

…started picking up in the end of 2003. Of course, US imports really picked up then, too. This current account deficit of $542 billion was paid for by net foreign