30 January 2026 Even if one doesn't trust China's data, there's no doubt the economy has proved surprisingly resilient, despite the Trump 2.0 tariffs. And, the outcome of recent Sino-US trade negotiations indicate they enjoy considerable leverage in future talks, given America's current dependence on Chinese rare earth materials. As the Year of the Horse … Continue reading China: Beggar-thy-Neighbor Policy Creates Risks
2 November 2025 Potus 47 now has returned from his Asian visit: unsurprisingly using superlatives to describe the trade agreements reached with Japan, Korea, and China. Upon taking office, Mr. Trump pledged to impose high tariffs against countries with large bilateral trade imbalances, espcially those conducting "unfair" trade practices with the USA. Potus 47 now … Continue reading Emerging Markets: Coping with Trump 2.0
2 March 2025 "Plus ca change" is a French adage loosely meaning "the more things change, the more they stay the same". To be sure, France enjoys an enviable socio-economic model: producing high levels of productivity and living standards combined with a strong commitment to equity and sustainability. Indeed, I have just returned from an … Continue reading France: Plus Ca Change?
22 January 2023 In addition, China's shrinking population will continue to shape both the nation's long-term economic strategy, and the government's short-term policy focus. In particular, with inflation low, monetary and fiscal policy will need to remain stimulative. However, government spending priorities will need to be altered dramatically. This shift will not only support China's … Continue reading China: Population Decline = Growth Headwind