Asia’s Chinese diaspora celebrates first post-Covid Lunar New Year even as inflation bites

Covid-19 remains a concern for some, even as many people spare no expense to celebrate while others mull cost-cutting measures for festivities. Retailers expect a boost as consumers snap up pre-Lunar New Year purchases even as some are caught between raising prices and absorbing them. Read More Here

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The Unavoidable Crash

After years of ultra-loose fiscal, monetary, and credit policies and the onset of major negative supply shocks, stagflationary pressures are now putting the squeeze on a massive mountain of public- and private-sector debt. The mother of all economic crises looms, and there will be little that policymakers can do about it. Read More Here

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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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Pakistan’s Coming Collapse Should Worry The World

For Pakistan, it is a perfect storm. At the end of Pakistan’s fiscal year on June 30, 2022, its trade deficit neared $50 billion, a 57 percent increase over the previous year. Had the Shehbaz Sharif government not banned the import of more than 800 non-essential luxury items in May 2022, the figure might have […]

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