It’s not often that one hears the phrase “European steeliness.” But while the United States continues to punt its serious tax and spending problems ever farther down the field, Europe’s big economies…

The long-standing surplus in the U.S. investment income account, often cited as evidence of  “exorbitant privilege,” is receding. It already goes away without the income from profit-shifting by U.S. …

Jacob Zenn, of the Jamestown Foundation, had a response to my November 2nd post Boko Haram Offers Cease Fire Opportunity? He writes: “The "Abu Muhammed Ibn Abdulaziz" who spoke with the media seems …

China never was going to transition from one of the most heavily managed currencies in the world to a free float overnight. The critical question always has been how China is going to manage its curr…