Hints and tips:
...After the pandemic struck, presidents Donald Trump and Joe Biden unleashed about $10tn in new spending, $8tn of that after the brief, lockdown-induced recession of early 2020 was over....
...Though the immigrants are reducing wage pressure, helping to lower inflation, the blowback is already loud and clear, led by Donald Trump....
...Ruchir Sharma gives his top 10 predictions for 2024. We’re also reading . . ....
...And here’s what else I’m keeping tabs on today: ‘Hush money’ case: Opening arguments begin in the criminal trial of Donald Trump....
...Here’s what else I’m keeping tabs on today: Donald Trump legal deadline: Today marks a deadline for Trump to pay a $464mn bond to cover a civil fraud judgment....
...Ruchir Sharma: Bitcoin bulls have been proved mostly right about the digital currency’s prospects as a long-term investment....
...Polish central bank chief Adam Glapiński told the FT he was seeking a truce with Prime Minister Donald Tusk after an increasingly bitter feud....
...Why Modi is cruising to a third term: Recent state elections show that the Indian prime minister keeps benefiting from the failings of the opposition, writes Ruchir Sharma....
...Japan and other US allies in Asia remain frustrated that then-president Donald Trump withdrew from the Trans-Pacific Partnership, a 12-nation deal, in 2017....
...Sharma, a UK politician, knows well what Jaber will confront....
...Donald Trump, to whom Milei has frequently drawn comparisons, was quick off the mark with his congratulations: “I am very proud of you,” Trump said....
...“Boomy” chatter has let to investors losing hundred of billions of dollars in China over the past few months, Sharma writes....
...Ruchir Sharma picks the 10 trends that will shape 2023....
...While the drama of that year is etched in history, the epilogue comes as a surprise: the baht has proved uncommonly resilient, writes Ruchir Sharma....
...First ridiculed as “third world” for its unscientific response under Donald Trump, then admired for a rapid vaccine rollout, the US now has the worst death toll of any developed country....
...Like Putin, he makes no secret of his preference for Donald Trump....
...I also think Ruchir Sharma is right that economic consensus can often be a counter-indicator of reality. Need to catch up quickly this election day?...
...The US responded under Donald Trump by working to “decouple” from China....
...But power and success changed him, writes Ruchir Sharma....
...The federal handbook of regulations grew bit by bit in size, before Donald Trump. The same basic trend holds for the UK. Corporate bailouts have become standard procedure....
...Four months on, the global energy picture has shifted significantly — and not in the direction Sharma and other COP negotiators wanted....
...One property developer called for a rope on which to hang central bank chief Donald Brash. Brash, a former fruit farmer who had seen his uncle’s life savings destroyed by inflation, held firm....
...This goes a long way to explain why China is slowing so fast now, when the rest of the world is not, argues Morgan Stanley Investment Management’s chief global strategist Ruchir Sharma....
...Now, Ruchir Sharma writes, events in China suggest bond markets are far from clueless or crazy....
...In July, Sir Donald called for reforms to be accelerated, saying that “we must not wait until there is a market failure”....
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