If any one who follows more closely than Brad Setser, US trade deficits, its financing, global central banks’ reserves accumulation and sovereign wealth funds, then I am yet to find that person. This post by Brad Setser on the open announcement by China of its decision to put its reserves to use to fund overseas [...]
If China convinces Asian nations that SDRs will evolve into a reserve currency with a yuan weighting, “then it may make sense for countries in the Asian region to start thinking right now about holding the yuan as a reserve asset,” Prasad said. “It’s a very clever way of trying to use something that everybody [...]
This sentence in Brad Setser’s post of April 2, 2009 caught my eye:
When economic and financial historians look back at the current crisis,… [More here]
What is Brad saying? Is it all over and time to start looking at the crisis in historical terms?
Well, I am being somewhat cheeky here, I admit. Brad does provide some [...]
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