Results for Political Economy of Tomorrow
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Deja Vu All Over Again

July 13, 2021
The demise of America is an often-told tale.   When Bitcoin was closer to $60k, some keen observers claimed it reflected the decline of the dollar and the US economy.  A popular meme is to compare America to the Roman Empire and its famous collapse.  The American political scientist Graham Allison popularized the idea of a "Thucydides trap&qu…
Deja Vu All Over Again Deja Vu All Over Again Reviewed by Marc Chandler on July 13, 2021 Rating: 5
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Of Trade Deficits and Capital Surpluses

December 28, 2020
In the middle of 2020, foreign investors owned a little more than $13 trillion more of US assets (stocks, bonds, and brick-and-mortar) than Americans owned of foreign assets.It is the other side of chronic current account deficits, the broad measure of trade.  By this measure, the US is the world's largest debtor.  It spurs much teeth-gnashing…
Of Trade Deficits and Capital Surpluses  Of Trade Deficits and Capital Surpluses Reviewed by Marc Chandler on December 28, 2020 Rating: 5
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The End of Economic Primacy

November 07, 2019
Periodization is an under-appreciated part of political and economic narratives.  What are the broad patterns that determine before and after?  What marks different phases or epochs?  In Capital Alone, Branko Milanovic's new book, he suggests a social-democratic form of capitalism dominated after WWII. At the start of the 21st century, a liber…
The End of Economic Primacy The End of Economic Primacy Reviewed by Marc Chandler on November 07, 2019 Rating: 5
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Curiouser and Curiouser

June 01, 2019
The first week of June features the Reserve Bank of Australia meeting, an ECB meeting, and the US employment data.  The RBA is expected to deliver its first rate cut in three years.  The market appears to have discounted not only a second cut in H2 but has priced nearly half of a third cut as well. 
A soft inflation reading after the seasonal bump …
Curiouser and Curiouser Curiouser and Curiouser Reviewed by Marc Chandler on June 01, 2019 Rating: 5
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What if Central Banks are not the Main Reason Rates are Low?

June 13, 2018
There seems to be a consensus among investors and asset managers.  The expansion of central bank balance sheets through the purchase of sovereign bonds pushed and is keeping bond yields low.  Some observers suggest that the central banks' QE has paved the way for the rise of populism by taking by neutralizing the ability of capital to go strik…
What if Central Banks are not the Main Reason Rates are Low? What if Central Banks are not the Main Reason Rates are Low? Reviewed by Marc Chandler on June 13, 2018 Rating: 5
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US Trade Policy: The Troika's Path is Cleared

March 07, 2018
The Trump Administration's trade policy intentions have been clear, and the resignation of Cohn removes a distraction and a fifth column globalist from its midst. The path for the heterodox trade Troika of Navarro, Ross, and Lighthizer is clear.  
When White House Communications Direct Hope Hiks left the Administration, some pundit quipped that…
US Trade Policy: The Troika's Path is Cleared US Trade Policy: The Troika's Path is Cleared Reviewed by Marc Chandler on March 07, 2018 Rating: 5
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