Heterodox
A new world is emerging, in which it will be much harder to separate economics from geopolitics. It’s not the world according to Myrdal, Frank, and Perroux, and it’s not Tom Friedman’s flat world, either. It’s the world according to Game of Thrones. Naked CapitalismFarewell, Flat World Jean Pisani-Ferry | Tommaso Padoa Schioppa chair of the European University Institute in Florence and is Senior Fellow at Bruegel. Cross-posted from Bruegel
Read More »Edward Harrison — On Economics, Geopolitics, Interests Rates and the Fed
1. Rising interest rates will put pressure on marginal players, domestic and foreign. 2. The geopolitical situation is volatile and a surprise (shock) could happen at any time. 3. In acting in its own self-interest without taking allies' interests into account, the US under the Trump administrations is straining alliances, especially with Europe, and also aggravating trading partners.Credit Writedowns Geopolitical (And Market) Risks Because Of US Policy And The Fed Powell To...
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