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Brad Setser
Brad_Setser
Most ag exports think the U.S. is poised for a strong harvest (crop generally looks good, 'bean supplies in Brazil are tight).But still hard not to notice that so far
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One thing I don't think most people know: the US balance of payments data basically shows China's reserve holdings pretty cleanly ...(it thus captures the period when China diversified away
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COVID-19 has had an obvious impact on global trade volumes. It also is changing the pattern of global trade imbalances. Tracking such changes at a high frequency though takes
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A blog on a delicate issue: should the U.S. enter into new free trade agreements with centers of corporate tax avoidance ...https://www.cfr.org/blog/could-trade-agreements-help-limit-tax-competition I don't think there is any real doubt
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Despite the Trump Administration's spin, China is no where near living up to its phase one commitmentshttps://www.wsj.com/articles/senior-u-s-chinese-officials-say-they-are-committed-to-phase-one-trade-deal-11598322056 As Chad Bown note
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Just want to reinforce a point that @stwill1 made earlier today -- our blogs laying out the case (now confirmed) that Taiwan's central bank had a large forward position are
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Fiscal deficits in the big emerging economies are largely being financed domestically (with domestic debt bought by domestic investors)Useful (and BoP consistent) story from @markets 1/xhttps://www.bloomberg.com/news/articles/2020-08-24/mas
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My "shadow intervention" alarm bells are starting to go off --Something is happening in China. The July trade surplus (goods) was $60b. Per my @ExanteData friends (in market
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A weaker dollar means more, not less, accumulation of dollar reserves ...https://www.cfr.org/blog/weaker-dollar-means-more-dollar-reserves There is often an assumption that dollar weakness is a result of central bank reserve managers shifti
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I am too empirical for the theoreticians But given this debate, it seems worth setting out the stylized facts about the actual financing of the US deficit that I think
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Central banks around the world sold well over $100 billion in long-term Treasuries in March. Those sales came when private U.S. investors were also selling. The dollar's role in
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Interesting Romney oped.At least on the trade parts, I would guess that most Democrats are pretty close to Romney. New bipartisan consensus? (curious what others think)https://www.washingtonpost.com/opinions/global-opinions/mitt-romney-cov
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