Category Archives: Macroeconomic policy

China’s Government Bond Market Sounding Loud Deflationary Alarm. Is the Japanification China Has Warded Off Finally Arriving?

China’s investors are in freakout mode about deflation risks. Can its government turn the fundamentals around?

DOGE: Nations Aren’t Corporations and ‘Efficiency’ Means Austerity

Why DOGE, if implemented on the scale intended, will be a train wreck for the great majority of Americans.

Trump’s 2017 Tax Cuts Expire Soon − Study Shows They Made Income Inequality Worse and Especially Hurt Black Americans

The first-term Trump tax cuts, increased inequality. So why does there seem to be so much complacency about their renewal?

China’s Push for 7% Growth Faces Big Challenges

China plans to return to a higher level of growth. Are its targets attainable?

Can Europe Afford Its Energy Transition?

A not-complete tally cost estimate for Europe’s climate change containment comes in at €1.3 trillion annually to 2030, then >€1.5 trillion through 2050.

Trump, Tariffs, Exchange Rates, and the Strong Dollar Problem: The Message of Elections in the US and Japan

Trump’s win highlights popular anger in the US, Japan, and Europe over the economy despite high stock prices and low unemployment

Why Did the French Government Fall and What Happens Next?

Some detail on the French government crisis and what the next moves may be.

How the Wall Street Journal Blew the Story of the Democrats and Inflation

The firehose of affluent consumption continues to drive inflation, not the stimulus package

Satyajit Das: US Presidential Politics – The More They Bicker, the More They Stay the Same

US presidential candidates promise policy choices but have little room to manoeuvre. Ergo, politics turns into a contest like American Idol

The Fed and the “Soft Landing” – Policy or Luck?

The Fed has little to do with the fall in inflation. Limited labor bargaining power and easing supply chain problems were more important.

Who Holds All These US Treasuries? Update on the Investors in the Ballooning US National Debt in Q2

As the Fed unloads Treasuries, others are purchasing them…including foreign central banks.

The Fed’s Reactive-Looking Half-Point Rate Cut

The Fed’s half point rate reduction was unseemly large. What gives?

The EU Retreats Further into a World of Self-Delusion

Mario Draghi calls for Europe, decimated by self-inflicted energy crisis and social austerity, to go on borrowing spree to pay for endless fight against Russia.