Global Current Account Balances Widen, Reversing Narrowing Trend
underlying imbalances that explained the sources of growth in the global economy,
Michael Pettis • The Great Rebalancing
Global liquidity, which I measure as global broad money supply of major currencies, translated into a dollar denomination, continues to be rangebound as well. The weaker dollar index has been supportive for global liquidity growth in recent months, but China’s flat money supply from March 2024 to the present has been a drag on global liquidity grow
... See moreLyn Alden • Deep Dive: Emerging Markets
4th Quarter Commentary January 2024
A perspective on historical economic eras and the implications for current market risks and investment strategies, with a focus on factors such as global trade, labor arbitrage, and the rise of China.
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