Fed hike rattles Asian markets
7m
The U.S. Federal Reserve raised interest rates, and Asian markets traded unevenly with Treasury yields little changed as investors weighed the policy shift.
For years I've argued that this assumption misunderstands the structure of China's financial system. In China, credit expansion and repressed interest rates don't boost demand and prices. On the contrary, they boost supply, and so are disinflationary and tend to worsen the demand imbalances.
For years I've argued that this assumption misunderstands the structure of China's financial system. In China, credit expansion and repressed interest rates don't boost demand and prices. On the contrary, they boost supply, and so are disinflationary and tend to worsen the demand imbalances.
"When China’s economy slows, its central bank reaches for a familiar remedy: make lending cheaper and easier so businesses invest, households spend, and demand picks up. In most economies, that stimulus eventually pushes prices higher."
scceichinabriefs.substack.com/p/chinas-fin...
"When China’s economy slows, its central bank reaches for a familiar remedy: make lending cheaper and easier so businesses invest, households spend, and demand picks up. In most economies, that stimulus eventually pushes prices higher."
scceichinabriefs.substack.com/p/chinas-fin...
by Tim Stephens
Actually other countries are carrying the US thanks to its incredible level of government debt
www.smh.com.au/world/north-...
Actually other countries are carrying the US thanks to its incredible level of government debt
www.smh.com.au/world/north-...
Lemme platypus-splain:
www.youtube.com/watch?v=cLMJ...
Lemme platypus-splain:
www.youtube.com/watch?v=cLMJ...
Reposted by David Darmofal
www.wsj.com/livecoverage...
www.wsj.com/livecoverage...
www.nytimes.com/live/2026/09...
www.nytimes.com/live/2026/09...
by Elizabeth Warren Reposted by Juan Cole, Alan Richardson
Reposted by Thomas Masterson
by Mohamed A. El‐Erian Reposted by Steve Peers
Perhaps most surprising, however,...
1 of 2
Perhaps most surprising, however,...
1 of 2
Reposted by Elizabeth Warren, Juan Cole, Alan Richardson
Reposted by David Darmofal
apnews.com/article/fede...
apnews.com/article/fede...
Reposted by Daniel W. Drezner, Richard Moorhead, Ann Bartow
WASHINGTON (AP) - Federal Reserve hikes key interest rate for 1st time in 3 years, defying Trump's demand for cut.
WASHINGTON (AP) - Federal Reserve hikes key interest rate for 1st time in 3 years, defying Trump's demand for cut.
Reposted by James Goodwin