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Monthly Archives: July 2021
Inflation and interest rates: all roads lead back to Rome
A. Gary Shilling’s excellent August Insight is out today (subscription only); some takeaways can be found in his recent Bloomberg Quint article here: With bond yields, something has to give, here’s the punch line: The yield on the benchmark 10-year … Continue reading
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Climate challenges for the economy much larger than COVID
Some have the fantasy that consumer spending and corporate profits are constrained only by the rate of credit growth…COVID is like a taster plate for the natural world challenges now unfolding for humanity and our economic system. Solutions come in … Continue reading
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Recommended book: The Other Half of Macroeconomics
Nomura Research Institute Chief Economist Richard Koo’s 2018 book The Other Half of Macroeconomics is one of the most worthwhile reads I have had in some time. Written for general consumption, Koo explains what most experts and laypeople misunderstand about … Continue reading
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