Submit a Story!
Votes
vote down flag
blogs.cfr.org - 8/4/2009
All great things have to end
—
This will be my last blog post, at least for the foreseeable future. I have accepted a new job, one that will require a certain level of discretion. I am excited by its challenges: ‘Balanced and sustainable” growth is something that I believe in. But suspending [...]
Pot calling kettle black?
blogs.cfr.org - 7/30/2009
Pot calling kettle black?
— blogs.cfr.org — One thing that has puzzled me is that some of the countries that have — implicitly at... least — been most critical of the expansion of the Fed’s balance sheet during the crisis long have had much larger balance sheets than the US ... (more) Pot calling kettle black?
Comments vote down TraderFeed found this 7/30/2009found this

Blog Reactions

Calculated Risk:  Setser takes post with National Economic Council

Alea:  Wednesday Links

J. Bradford DeLong's Grasping Reality with All Eight Tentacles:  Brad Setser Goes to Work for the National Economic Council

More
Comments
Blog Reactions

Setser takes post with National Economic Council
Calculated Risk — Dr. Brad Setser, author of the blog "Follow the Money", has taken a new job with the National Economic Council. Unfortunately this means no more blogging for Brad. Here is an excerpt from Brad's farewell post: All great things have to end Fundamentally this blog was about an issue – the United States’ trade deficit, the offsetting trade surpluses in other parts of the world and the capital flows that made this sustained “imbalance” possible. Most of my early blog posts argued, in one way or another, that taking on external debt to finance a ...

Wednesday Links
Alea — Brad Setser: my last blog post Maiden Lane III LLC, Financial Statements and Independent Auditors’ Report Dismal, yes, but economics flies off the shelves US dollar What Might Crack This Rally? US prime borrowers fall behind on payments Cash Is King In High-Grade Corp Market As CDS Role Diminshes Avoiding the Tail Wagging the Dog ...

Brad Setser Goes to Work for the National Economic Council
J. Bradford DeLong's Grasping Reality with All Eight Tentacles — ... Brad Setser: Follow the Money: This will be my last blog post, at least for the foreseeable future. I have accepted a new job, one that will require a certain level of discretion. I am excited by its challenges: ‘Balanced and sustainable” growth is something that I believe in. But suspending this blog is still hard.... I started writing a blog almost by default. There wasn’t an obvious source of demand for the kind of work that I wanted to do. My interests were too grounded in current events to fit well with academia, especially as I neither am a true ...

Brad Setser Departs the Blogosphere
Across the Curve — It is with mixed emotions that I read Brad Setser’s final post and learn the news that he will cease blogging. I have read his work since he was teamed with Doctor Roubini and there is no other analyst who investigates the subject with the precision and clarity which he brings to the topic. He is heading back to the nation’s capital and we are collectively better off for that. On a personal level I want to express my  gratitude for his  longstanding support of this blog. He has linked here many times and for whatever measure of ...

THE FINTAG NEWSLETTER @ 05 August 2009
FiNTAG - Hedge Fund News, Views, Opinions and Gossip — ... Fintag says Goldman Sachs. Front Running. Voldemort. ALL GREAT THINGS HAVE TO END cfr This will be my last blog post, at least for the foreseeable future. I have accepted a new job, one that will require a certain level of discretion. I ...

Further reading
FT Alphaville — Elsewhere on Tuesday, - What would crack this rally ? - Goldman : we do not frontrun our clients. - Brad Setser goes to Washington. - “When I was 14, Warren Buffett wrote me a letter.” - How the 2008 shorting ban damaged market quality. - Let Goldman bankers spend their money! - A demonstration of unbalanced reflation ? - Taibbi to take on CNBC and Gasparino next. - Treasury’s name and shame loan mod tactics. - Hedge funds explained, with stick figures . - Further, further reading .

Echo chamber
interfluidity — Sometimes the blogosphere really is an echo chamber. I'd like to join in. Brad Setser has been silenced , via the devious mechanism of, um, hiring him for a job at the White House. I've admired Brad for a very long time. It is not an exaggeration to say his blogging altered the course of my life. I was a Java programmer curious about economics when I stumbled upon ...

Sovereign Wealth Fund Breakdown
EconomPic — Brad Setser (one of my favorite bloggers) is hanging up his keyboard. This will be my last blog post, at least for the foreseeable future. I have accepted a new job, one that will require a certain level of discretion. I am excited ...

Bye-bye Brad, and thanks for all the fish
winterspeak.com — Brad Setser is leaving the CFR and will no longer track international capital flows. Part of me is sad, Brad was an island of civility and data in a blogosphere woefully short of both. That said, I had stopped reading him as I increasingly realized how fundamentally useless his information was. It can be summed up here: ...

China's Impact on the Global Economy: A Symposium
Econbrowser — ... . Unfortunately, Dr. Setser will be leaving the blogosphere, so his insights will be missed (although fortunately for us, he'll be adding his input at the NEC, where we all wish him well). ...

China’s Treasury confidential
FT Alphaville — Brad Setser is no longer around to blog about China’s holdings of US Treasuries, so we are stepping in. For today, anyway. On Monday, the latest TIC data was released. It officially showed that China became a net seller of US Treasuries in June. The news was was pretty much triumphantly heralded by China’s state-owned media. For instance, the People’s Daily published the story under the headline “China massively offloads U.S. debt holdings [for the] first time in 2009″. Here’s an excerpt: According to the data published by the US Treasury Department ...

"Trade Activity Up, But Rebalancing Stalled"
Economist's View — ... : I was somewhat distressed this morning when I realized that, with the absence of Brad Setser, I would have to do my own analysis of the trade data - data Brad taught me how to analyze over a decade ago.  I may be a little rusty. ...

Related Content
The US March trade data …
blogs.cfr.org 5/13/2009 — The March US trade data can be spun many ways. Imports and exports continue to be down substantially relative to last year. The smaller y/y decline in March than in February is a function of the fact that both imports and exports were unusually weak ...
Yes Virginia, there was an international financial crisis in 2007 and 2008
blogs.cfr.org 6/23/2009 — Now that the markets have lost a bit of their froth, it seems fitting to note just how sharply trade — and private financial flows — have contracted over the past year. The US q1 balance of payments data is rather stunning. Trade (as we ...
SAFE, state capitalist?
blogs.cfr.org 7/22/2009 — One of the questions raised by the expansion of sovereign wealth funds – back when sovereign funds were growing rapidly on the back of high oil prices and Asian countries’ increased willingness to take risks with the reserves – was whether sovereign ...
The (almost) $2.5 trillionaire …
blogs.cfr.org 5/25/2009 — The world’s sovereign wealth funds almost certainly have less money than is commonly thought. And China almost certainly has even more money than is commonly thought — or at least more money than is commonly reported. That is the ...
Reserve managers keep buying Treasuries …
blogs.cfr.org 4/18/2009 — Chinese reserve growth has slowed. Russia’s reserves are down in the first quarter (though most of the fall was in January). Saudi foreign assets fell in January and February. Most emerging economies — including some that thought they had ...
Big changes, but not much adjustment: China’s March trade data
blogs.cfr.org 4/10/2009 — The Wall Street Journal puts a positive gloss on China’s March trade data than I would. To me the overarching story is simple: the data paint a story of deep distress in both the Chinese and global economy. China’s exports were growing ...
Not putting your money where your mouth is
blogs.cfr.org 5/14/2009 — In March, China’s premier expressed concern about the safety of China’s (large) investment in the US, including China’s investment in Treasuries. China’s citizens have realized — rather belatedly — the risks ...
Just who bought all the Treasuries the issued in late 2008 and early 2009?
blogs.cfr.org 6/12/2009 — As Dr. Krugman notes, the Fed’s flow of funds data leaves little doubt that — at least during the first quarter — the rise in public borrowing was fully offset by a fall in private borrowing. An updated version of the chart I ...
And now, the rest of the story: long-term portfolio flows have fallen by more than the trade deficit
blogs.cfr.org 7/21/2009 — The goods news: the US trade deficit has shrunk. On a rolling 12m basis the trade deficit is down to around $500 billion, and the data from the last few months suggests that it should fall even further. The bad news: the US trade deficit hasn’t ...
China reduced its dollar holdings in February
blogs.cfr.org 4/16/2009 — It is a good thing the US trade deficit has come down, because foreign demand for US financial assets — actually foreign demand for US assets other than short-term Treasury bills — has dried up. Foreign investors bought $68 billion of ...