The cracks start to appear in global markets

Stephen Miran on 'restructuring the world economy'

Reading the economic and financial market outlooks for 2025 so you don’t have to

Holiday links

2024 Year in Review: the centre did not hold

Markets grade the CCP’s economic work

Trade policy uncertainty shocks and the second Trump administration

Scott Bessent’s ‘economic lollapalooza’

What the US dollar tells us about the next administration

How Jewish was Ayn Rand? a new Rand biography

So much winning, you’re not going to believe it

A final US election update

Nice pro-cyclical asset you’ve got there. Shame if something were to happen to it.

Markets and the US Presidential election

Prediction market whales: Why they increase market efficiency and accuracy

MAGAnomics as negative supply shock: When Trump-O-Mania rules again

China syndrome: Why fiscal stimulus won’t cut it: Plus, RBA reform gets attention from offshore

The Fed declares victory: But the RBA remains wedged in the ‘narrow path’

The Simon-Ehrlich wager over 123 years: Plus, the end of bipartisanship on RBA reform

A short history of the second monetarist counter-revolution: In praise of Scott Sumner

China policymakers shooting the bond market messenger: A market monetarist perspective on Chinese monetary policy

In defence of hoomers: launching the Big Aussie Short Hoomer Doomer Loser Index : Plus, compromise on the RBA Reform bill

Monetary misperceptions and inflation forecast errors: Andrew Hauser’s unintentional case for market monetarism: Plus, the nominal GDP level target that time forgot

Terry McCrann’s trip down the section 11 time tunnel: Plus, benchmarking the RBA’s inflation targeting performance

Bürgenstock: the anti-Bretton Woods: Reflections on the 80th anniversary of the Bretton Woods conference