economics
Imported tag from Readwise
economics
The Age of Alloy Steel
The early 20th century, Konkel argues, was a world built with steel, almost all of which was produced in one of three locations: the UK, the Upper Midwest, or Central Europe. These regions were the locomotives that drove industrialization; they were also sources of the era’s strongest militaries. Given the need for steel to
... See moreChris Miller • The "Critical Minerals" Crisis of 100 Years Ago
China’s leaders know this very well, of course, which is why they are unleashing a massive and unprecedented amount of industrial policy spending — in the form of cheap bank loans, tax credits, and direct subsidies — to raise production in militarily useful manufacturing industries like autos, batteries, electronics, chemicals, ships, aircraft,
... See moreNoah Smith • Manufacturing Is a War Now
Overall, these trends suggest a very significant shift in the credit landscape. Credit seems to be moving from the supply side (businesses) to the demand side (consumers) of the economy. Considering the state of economic development of India and the relatively low level of per capita GDP, this move appears to be premature. Even within consumer
... See moreIdeas For India • The Silent Reshaping of India’s Credit Landscape
This dollar downtrend has been a bit different than other recent ones, because normally a strong dollar puts pressure on asset prices while a weak dollar helps support them, and this weak dollar period (which is relative; it’s still strong on a longer-term chart and on a purchasing power parity basis) has occurred alongside a sell-off in U.S.
... See morelynalden.com • Equity Rotations, Cash-Secured Puts, and Gold Dislocations - Lyn Alden
Date as on March 2025 . Dollar is strong on long term charts
Notice that these new jobs force up the total amount of goods and services produced, so that ordinary workers will see their income increase even as income inequality increases. The rich will do very well, but the rest will do pretty well too. This process, in short, is the essence of “trickle-down” theory.
Michael Pettis • The Great Rebalancing
Of course, there is a significant lag between sales and construction activity which portends significant further declines in the latter metric…
Brian Mccarthy • China's Fiscal Plan
Job openings (blue) remain elevated as the labor force participation rate (white) remains flat. When there is more demand (Jolts data in blue) vs the supply of labor (white), wages (YoY wages in green and Atlanta wage index in orange) express the supply and demand differential:
Substack • Bond View Update!
high-value manufacturing industries have economic effects that go far beyond their own activities; they generate service-sector employment and are vital to sustaining the kinds of pools of local talent that are needed to spur innovation and technological breakthroughs.
Zongyuan Zoe Liu • China’s Real Economic Crisis
High-value manufacturing industries do more for the economy than just their own work; they create jobs in other areas like services. They also help build a strong community of skilled workers, which is important for coming up with new ideas and technology.
