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July 15, 2014

Wars and Conflict
Trends in U.S. Military Spending

Military budgets are only one gauge of military power. A given financial commitment may be adequate or inadequate depending on the number and capability of a nation's adversaries, how well a country …

January 21, 2015

Financial Markets
Quarterly Update: Foreign Ownership of U.S. Assets

Foreign ownership of U.S. assets has increased significantly since 1945, growing especially quickly over the past two decades. This growth is the result of a general increase in cross-border investme…

June 5, 2015

Europe and Eurasia
Greece-Troika Gap Over Primary Surpluses Has Shrunk Dramatically

Greece has announced that it will not pay the IMF the €300 million due to the Fund on June 5.  Instead, it will “bundle” the payments due to the Fund over the course of June into one payment of ab…

Greece-Troika Gap Over Primary Surpluses Has Shrunk Dramatically

April 2, 2015

Monetary Policy
Is the Fed Gonna Tighten Like It’s 1994? Or 2004?

How will the Fed raise rates once it starts?  Gradually, in small steps?  Faster, with larger steps? In 2012, before becoming Fed chair, Janet Yellen argued for a later first rate-hike than would…

Is the Fed Gonna Tighten Like It’s 1994? Or 2004?