globalization

Everything I am reading this morning in the news flow points to increased geopolitical confrontation and the breakdown of the post-Cold War world order. We are quickly moving to a more hostile balkanized geopolitical environment. And I…

By Marshall Auerback This post was originally published on AlterNet The breakdown in the Sino-U.S. trade talks has led a number of commentators to suggest that America’s “unipolar moment” of post-Cold War preeminence is over, as…

Are Trump voters racists? Those of you who have been reading my posts for some time know that I don't believe racism is the defining element behind a rise in populism across the developed economies. I certainly believe populist politicians…

Today's daily focuses on a single theme of the breakdown of globalization.

The position I have stressed is one that is counter to the bond bear market narrative. But, that is longer-term. Shorter-term dynamics are bond bearish.

Yesterday I promised you to “look at individual economic data points and tell you why I think they bolster the case for optimism about the economic trajectory.” But before I get into that let me tell you why I still worry about the…

A recent post by Matthew Klein on central banks over at FT Alphaville that dovetails with some of the themes I have been writing about here at Credit Writedowns for the past decades is what preciputated this post. Let me summarize my thesis…

By Michael Pettis About ten years ago I published an article in Foreign Policy that I just recently re-read.  In the article I extended one of the arguments I made in my book, The Volatility Machine, that the globalization process is…

In January Steven Hansen observed that, through November, the trade deficit for manufactured goods in 2010 was the equivalent of 1.3 million workers earning the median manufacturing wage in the U.S.