The New York Times - metered paywall - 28 May 2018
This is the NYT economic editor’s last column. He ponders what he calls “America’s fundamental paradox”: how can one of the richest, most technologically advanced nations in the history of humanity accept — proudly defend, even — a degree of social dysfunction that would be intolerable in any other rich society? Read-on to grasp what he means (reads in 5-6 min).
Published in Weekly selection 1 June 2018
Project Syndicate - 14 May 2018
The recent appreciation of the USD is likely to accelerate because both monetary-policy and growth differentials now favor the US. In that sense, the USD appreciation may be seen as consistent with a longer-term rebalancing of the global economy; but as Argentina’s recent request for IMF financing starkly demonstrates, a sharp and sudden dollar appreciation risks unbalancing things elsewhere. Emerging markets are particularly vulnerable (reads in 7-9 min).
Published in Weekly selection 18 May 2018
The New York Times - metered paywallk - 1 May 2018
Among the plethora of articles on Trump’s declaration of trade war with China, this one stands out by clearly explaining what is at stake. The NYT editorialist explains that this is not really about trade, but “a struggle to redefine the rules governing the economic and power relations of the world’s oldest and newest superpowers”. As one Chinese expert puts it: “No one can contain China anymore” (reads in 6-7 min).
Published in Weekly selection 12 May 2018