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New Zealand banning foreign buyers, Turkey’s crisis building for years, unaffordable…
I wasn't able to get a daily off yesterday nor will I be able to a full-fledged one today. But I will post today. Just a reminder: next week, I am on holiday. And so I don't know how much writing I will do, if any.
Let me start today more…
Speculation about Turkey’s alliance with the West
Since the failed military coup d'etat in Turkey two years ago, the relationship between Turkey's President Erdogan and his western NATO alliance partners has been strained.
The Bank of Japan’s latest move is a tightening of monetary policy
This post explains why the BoJ's latest move is a tightening of monetary policy.
How much of emerging market turmoil is a strong dollar story?
I am looking at the emerging markets turmoil as fundamentally strong dollar-driven. But other central banks may enter the picture soon.
On the economics of the Google Android case
A general challenge facing competition authorities in the digital era is learning how to apply the traditional tools of competition policy in multi-sided platform environments. This column argues that the Google Android case offers a great…
Turkey’s retaliation, China’s falling currency, wage growth and market power, and coming…
Daily post from Credit Writedowns with stories on inequality, China Turkey and Tesla
The squeeze on UK wage earners and the global tightening in monetary liquidity
Despite a 43-year low in UK unemployment rates, wage earners are losing ground. As the Bank of England decides how to respond, we can see signs of a global tightening in monetary policy.
The potentially widening EM crisis and Turkey’s alliance with Russia and China
I don't think we are at a point yet where what's happening in Turkey can be called an emerging markets crisis. Right now, it's mostly about Turkey, though there are signs of contagion via currency effects and concerns about creditors of…
Trade wars with China, Canada, how this expansion collapses, Tesla and Google
Today's daily newsletter has stories on US trade with Canada, Mexico and China, on predictions about the cycle ending, the Tesla saga, an interview with Hugh Hendry and much more
Uk high street job losses, Brexit supply shock, and signs of bubbles popping in techland
Stories on job losses on UK high streets, wage battles in Britain and bubbles in crypto and startup tech companies