Day: November 7, 2019

The End of Economic Primacy

Periodization is an under-appreciated part of political and economic narratives.  What are the broad patterns that determine before and after?  What marks different phases or epochs?  In Capital Alone, Branko Milanovic’s new book, he suggests a social-democratic form of capitalism dominated after WWII. At the start of the 21st century, a liberal meritocratic version emerged …

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Trade Optimism Boosts Sentiment but Weighs on the Dollar

Overview: Indications that a phase one agreement between the US and China would include rolling back some existing tariffs is boosting risking appetites, sending stocks higher, and pushing up yields. However, this appears to be simply a restating of China’s views rather than a new breakthrough. The dollar is paring its recent gains. The MSCI Asia …

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