Broad Oak Magazine

Reportedly, China has radically reduced its holdings of US Treasury securities; actually, the truth may be exactly the opposite - see my pos...

Read Brad Setser on the USA's deterioration in the net international investment position . The left-hand scale is in $billions. To quote...

Karl Denninger continues to reflect on a story that hasn't had much coverage - two Japanese have been caught in Italy, attempting to smu...

Brad Setser's analysis is that Americans have been repatriating their dollars even faster than foreigners have been getting rid of their...

The UK has an unfortunate reputation for clasping vipers to its bosom, from Karl Marx to modern religious terrorists. But some might say the...

"China’s January surplus ( $39.1b ) is roughly the same size as the United States’ December deficit ( $39.9b ). It is reasonable to thi...

The previous post is a summary of Brad Setser's views on China and the dollar. What with the oil price coming down and the trade deficit...

Brad Setser returns to a favourite theme, China's investment in the US. If I can summarise: 1. China buys American bonds directly, but ...

Mervyn King at the Bank of England refers to " unconventional unconventional measures ". One seems to be to stop publishing what ...

All is well: the Dow has just sailed (well, snailed) back through the 8,000 barrier. But what's this? Brad Setser doesn't know what ...

Marc Sobel: Do I understand the net of this posting to be that the US is much more vulnerable to a quick run on the debt, i.e. being mainly...

A pattern is emerging. Jörg Guido Hülsmann, on the Mises site, says deflation does not ruin the economy as a whole, but destroys the parasi...

Brad Setser sees hope in the correction: I increasingly suspect that one consequence of United States and Europe’s recent financial crisis ...

See the comment in Brad Setser's blog - Brazil and Argentina are already finding other ways to pay each other, Russia may deal in euros....

Brad Setser looks at data from the US Treasury International Capital System (TIC), trying to work out what's been going on in the money ...

I noted yesterday that foreigners were rushing to stuff cash into the US Treasury pillow. Brad Setser chimes in, explaining that although ...

... foreign central banks now are in a position where they can influence, through their asset allocation, the allocation of credit inside th...

From Brad Setser's blog . I've said before now that 2003 was the year the UK and USA blew it, with reckless credit expansion.

"... China’s government already plays a significant role in determining the allocation of credit inside the US economy, not just the al...