Tag Archives: #globaleconomy

Diversity Builds Economic Resilience

The idea that making everything domestically builds resiliency is what

@AdamPosen calls “the fallacy of self-sufficiency” & it has repeatedly been disproven. It is having diversified supply chains—including geographically—that builds resilience.

America …Continued

“The case for a renewed Sino-Russian axis is equally unfounded. Although Putin recently hosted his “dear friend” Xi at the Kremlin, underlying this friendship is the stark reality of a deepening Russian vassalage to Xi’s China. A loss of Russian prestige and status in Ukraine, and by extension an American victory, would prove a mortal blow to Putin’s project of contesting the world order that, from the Kremlin’s perspective, represents a greater civilisational struggle.”

https://unherd.com/2023/03/the-myth-of-americas-imperial-decline/?tl_inbound=1&tl_groups[0]=18743&tl_period_type=3&mc_cid=ab7db233da&mc_eid=7c0ce70df4

$94 Trillion Global Economy

2022 could be the year when the global economy takes off.

Having expanded dramatically in the last decade and a half the underlying structure looks ready for some major realignments.

We’ve had more than a decade of no price inflation, microscopic or negative interest rates, growing inequality, and extraordinary asset price bubbles.

But now inflation is back, and fast rising prices will drive changes in how things are done.

Governments have pumped out tsunamis of money to keep businesses afloat during the pandemic, but those massive flows are going to dry up next year.

The future is uncertain and likely to be volatile. But one thing can be guaranteed. Change looms. The $94 Trillion global economy cannot remain as it is.