I’ve got two foreign policy posts up at Outside the Beltway this morning:
The Impossibility of an Export-Driven Recovery
U. S. Treasuries remain a safe haven. As long as that’s the case and we’re willing to keep borrowing, don’t expect much help from exports in a recovery.
North Korea threatens to declare war on the U. S., South Korea, and/or Japan. Again.
Update
There’s been a somewhat troubling incident between a U. S. naval vessel and Chinese vessels in the South China Sea.