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ExorbitantPrivilege

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End of Endgame?

Last week Michael Barr the Federal Reserve s vice chair for banking supervision resigned This was unexpected 8211 at least to most people His resignation is also consequential for capital

Paid subscriptions

Subscriptions to ExorbitantPrivilege have now approaching 3000 and I intend to turn on paid subscriptions Many free subscribers have declared their willingness to pay for my content and to pay

Myths and Reality

At a time when US Treasury yields are rising to new highs I want to revisit an interview by Ruchir Sharma where he argues US budget is unsustainable and a

Japanification of the entire non-US world

A few weeks have passed since the US election With my wife Louise I walk along the shore of the Lake of the Returned Sword in Hanoi We are surrounded

Rewiring Chaos

President elect Trump s command of both houses and Supreme Court mean he is better prepared and more determined to radically remake America and the world He has nominated committed

Learning Time

I will visit Vietnam followed by Australia over the next few weeks I ll observe and question how Vietnam is adapting to the China displacement trend and try to uncover

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Exorbitantprivilege unpicks the liquidity links of central banks, the dollar, international equities, bonds, commodities and currencies, plus a few other related themes – such as regulation. It showcases the pet rants of Meyrick Chapman, principal of Hedge Analytics Ltd.

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