Sublime

Richard Koo has been one of my favorite macro thinkers. I have always believed that his thoery on balance sheet recession will prove to be extremely relevant for China one day. Yesterday he gave an extraordinary speech on China's Japanification risk, below are the main takeaways:

This is one of the best profiles I've come across of the man likely to be leading Germany in six months' time. Especially good on Merz & Europe, and the particular brand of francophilia he inherited from his mentor, Wolfgang Schäuble. https://t.co/m8gGlexdyb

With Kamala Harris now poised to become the Democratic Party nominee, there’s a renewed sense of optimism about the future of American politics. But one person has never let his hopes dim: David Hogg. ⁠ ⁠ The Parkland shooting survivor and “March for our Lives” founder has now created Leaders We Deserve, a political... See more