Brad Setser
Brad Setser
Brad Setser is an American economist and former blogger. A former staff economist at the United States Department of the Treasury, he worked at Roubini Global Economics Monitor, along with Nouriel Roubini. He co-authored the book "Bailouts or Bail-ins?" with Roubini...
bond market
There are no bond market vigilantes out there right now.
continue debt finance gone mean run willing
It has already gone on for an awfully long time. But that doesn't mean that it can't go on some more. You can continue to run up your debt as long as the world is willing to finance your debt.
executive financial major offered republican seems york
It sometimes seems like every major Republican financial executive in New York has already been offered his job.
based bigger current economy expansion exports far faster future grown growth investment longer overall pattern rapid
China's current growth has been based on the rapid expansion of sectors of its economy that are already well developed: investment and exports have grown far faster than the overall economy. Yet the longer this pattern of expansion continues, the bigger the future risks.
beyond exchange global living problem
There is a real problem with global exchange rates, and I also think the U.S. is living beyond its means.
basics borrow curve easy emerging flat globally lend matter money yield
There is a very flat yield curve globally for different reasons, even in some emerging markets. I really don't see where the easy money is. No matter how sophisticated you are, you can't get away from the basics of banking: Borrow short, lend long.