2004 Net portfolio equity outflow: $63 billion (TIC data); $37 billion (BEA) data. The difference seems to stem from different treatment of equity purchases related to mergers and acquisitions. Is the ...
The dollar is under a bit of pressure today. The renminbi keeps falling too. The logic behind China’s tight peg to the dollar continues to elude me. The US dollar needs to depreciate as part of any ...
Budget 2026: When a government needs to spend more than it earns, it turns to deficit financing. To cover this gap, it typically raises money by borrowing from the public through bonds or by printing ...