Monthly Barometer

2021-04-15T11:52:26+02:001 March 2021|

Some inflation in the near future is a possibility but the deeper trends are disinflationary. When will it happen and what will it look like? [...]

Weekly Selection

2021-01-29T11:25:51+01:005 October 2018|

Michael Spence, “The Restructuring of the World” (Project Syndicate, 27 September 2018)The Nobel laureate in economics offers a useful framework to think about the changes [...]

Weekly Selection

2021-01-29T11:25:46+01:0028 September 2018|

Ruchir Sharma, “How the Next Downturn Will Surprise Us” The editorialist argues that in their campaign to contain the risks that caused the Great Recession, central bankers may have planted the seeds for the next global economic crisis. Over the past 10 years, the world’s largest central banks have expanded their balance sheets from less than $5 trillion to more than $17 trillion, with much of the newly printed money finding its way into the financial markets where it often follows the path of least regulation. Within the $290 trillion global financial markets, there are hundreds of new risks, pools of potentially troubled debt. The most troubling are corporate borrowers and so-called non-bank lenders all over the world (reads in 5-6 min).

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