5 February 2023 After a bruising 2022, global financial markets now have fully embraced the propect of a "soft landing" for the global economy. Even the IMF has revised up its 2023 GDP growth forecast following China's post-Covid opening, declining European natural gas prices, and signs that world-wide inflation may have peaked. In the United [...]
22 January 2023 In addition, China's shrinking population will continue to shape both the nation's long-term economic strategy, and the government's short-term policy focus. In particular, with inflation low, monetary and fiscal policy will need to remain stimulative. However, government spending priorities will need to be altered dramatically. This shift will not only support China's [...]
18 January 2022 In December, the US Federal Reserve abandoned its belief that rising inflation was "transitory", and signaled that monetary tightening may commence earlier that expected. In their defense, the extreme imbalances in aggregate supply and demand in both labour and goods markets (e.g. supply chain disruptions) during the 2020/21 economic recovery have complicated [...]
8 April 2021 In the climate model I unveiled last year, I rated 90 countries' vulnerability to climate change. The United States ranked a disappointing #20 (my blog "Climate Change: Who's Preparing, Who's Not" can found be on my website). President Biden intends to change that. Indeed, spending to mitigate the impact of rising global [...]