Sublime
An inspiration engine for ideas
One problem with most LDC securities markets is that there is a very poor balance of investors.
Michael Pettis • The Volatility Machine
It is the structure and behavior of market players that systematically undermines the market, not changes in fundamentals. These only set off the crisis.
Michael Pettis • The Volatility Machine
Mestmäcker retient de Schmitt la nécessité d’assumer la nature explicitement politique du projet néolibéral de dépolitisation de l’économie. Il est soutenu dans cette position par un autre néolibéral de la deuxième génération, Erich Hoppmann.
Quinn Slobodian • Les Globalistes: Une histoire intellectuelle du néolibéralisme (French Edition)
This is no negotiation — it’s coercion.
“You want U.S. defense guarantees?
Then adjust your FX policy.
Rebalance your reserves.
Play by our new rules.”
This is the new dollar diplomacy.
Paul Guerra • Tweet
a test question says that foreigners are paying off loans to American banks, this could lead to a balance of payments surplus for the U.S., for example.
Robert Walker • Pass The 65: A PLAIN ENGLISH EXPLANATION TO HELP YOU PASS THE SERIES 65 EXAM - UPDATED FOR 2017
Quando il tasso di crescita della popolazione e della produttività è relativamente debole, i patrimoni accumulati nel passato assumono per loro natura un valore considerevole, potenzialmente smisurato, e destabilizzante per le società interessate.
Thomas Piketty • Il capitale nel XXI secolo (Vintage) (Italian Edition)
That is why it is probably better for policymakers to target trade surpluses rather than just the currency, or just interest rates, or just wages, or just taxes, or just direct subsidies, or just any of a dozen factors.