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April 2, 2019

NATO (North Atlantic Treaty Organization)
The North Atlantic Treaty Organization (NATO)

NATO is girding up for what some believe is a new Cold War with Russia, but President Trump’s criticism of longtime allies has unsettled the twenty-nine-member bloc.

Nato

March 18, 2019

Defense and Security
The Limits of Orthodoxy: What Diversity Brings to Nuclear Security

Voices from the Field features contributions from scholars and practitioners highlighting new research, thinking, and approaches to development challenges.

Negotiators meet in Palais Coburg, the venue for nuclear talks, in Vienna, Austria July 13, 2015.

August 4, 2006

China
Stephen Jen is right

That is not something I say all the time. I suspect I am among Stephen Jen's prototypes for what he calls structural dollar bear.    And Stephen " “current account deficits inside the dollar …

October 9, 2006

United States
Stephen Jen, Eternal optimist

Apparently, the US fiscal deficit is set to disappear and the US current account deficit has peaked.  At least it has in Stephen Jen-land.  In his latest email Jen writes: “US’s corporate revenues ar…

November 20, 2018

Yemen
Yemen's Long Road to Peace

The United States can do more to support negotiation efforts in Yemen and help the parties find a workable, sustainable solution to the conflict.

People walk past a house destroyed by an airstrike in Sanaa, Yemen.

January 25, 2007

Economics
Sometimes I agree with Dr. Jen

I rather suspect I favor a bigger and faster appreciation of the RMB over time than does Dr. Jen, but I very much agree with his argument for a bit more RMB appreciation in the near term.   Stephen J…

May 3, 2006

Financial Markets
Stephen Jen knows currencies, not communiqués

Stephen – the dollar will go down, but “ the US will not adopt a weak dollar policy … and the sky will not fall on the dollar” – Jen has gotten the course of a the dollar/ euro roughly right for the …

July 16, 2018

Cybersecurity
What Did the 2018 NATO Summit Accomplish With Respect to Cyber Issues?

U.S. President Donald J. Trump dominated last week’s NATO summit, with his criticism of the alliance's defense spending and questioning its relevance. It is no wonder that few payed attention to the …

Trump NATO Summit

March 16, 2007

United States
Jen v. Setser on exchange rates and global adjustment

It is fair to say that I see the world very differently than Dr. Jen.  He thinks imbalances are a natural byproduct of globalization.    I think they are a natural byproduct of undervalued exchange r…

regional_balance_smaller

January 30, 2005

Financial Markets
Stephen Jen might want to rejigger his model

Apparently, Mr. Jen thinks the dollar -- despite the United States’ 6.2% of GDP current account deficit -- is significantly undervalued against all major currencies, and fairly valued against most As…