From Great Moderation To Great Stagflation

For decades, relative global stability, sound economic-policy management, and the steady expansion of trade to and from emerging markets combined to keep costs down. But now all these conditions have been overturned, and the world is settling into a dangerous and destabilizing new regime. Read More Here

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Yes, The US Economy Is Likely In Recession

The release of data showing that the US economy has contracted for two quarters in a row has triggered an intense semantic debate among economists, pundits, and political operatives. The Biden administration and many commentators are at pains to deny that the US is in a recession, but history is not on their side. Read […]

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Ukraine’s War Viewed From China

Westerners regard Russia’s war as an attack on the rules-based order, but Chinese scholars see it as another harbinger of the denouement of US hegemony. While Americans and Europeans can argue with this position, it would be a mistake not to take it seriously. Read More Here

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