The United States’ post-war record GDP contraction in Q2 of 9.5% qoq and the Dollar’s recent depreciation have been making headline news but some perspective is required.
The US GDP contracted about 10.6% in H1 2020, far more than in China (+0.6%) and South Korea (-4.6%).… Read the rest
Top Communist Party leaders convened their quarterly Politburo meeting on 30 July, signaling a policy shift towards monetary tightening and containment of financial risks, after strong second quarter GDP data instilled confidence in the country’s growth trajectory.… Read the rest
China’s industrial heartland is suffering from some of the region’s worst flooding since 1998, causing disruptions to supply chains, while threatening a short-term hit to GDP growth and a spike in food prices.… Read the rest
Darrell Duffie[1]
Graduate School of Business, Stanford University
June 6, 2020
Prepared for presentation at the Hutchins Center on Fiscal and Monetary Policy
Brookings Institution, May 27, 2020
Abstract: I review the functionality of the secondary market for U.S.… Read the rest
The expansion of US sanctions on the Nord Stream 2 (NS2) pipeline could further push back the completion of the project. However, a potentially drawn out adoption process in the US would limit the effectiveness of the proposed measures.… Read the rest
