Washington Post (June 8)
“Fumio Kishida, the current Japanese leader, last week launched what he called the “Grand Design” for his “New Form of Capitalism.” It is neither simple or direct. “Watered down, muddled and both confusing and a bit confused, Kishida’s flagship economic policy could learn a lot from the Three Arrows,” which effectively simplified “a complex recipe of monetary, fiscal and supply-side solutions.”
Tags: “Grand Design”, Confusing, Economic policy, Fiscal, Flagship, Japan, Kishida, Monetary, Muddled, Supply side, Three arrows, Watered down
New York Times (January 12)
“As America went through a week from hell, with the prospect of fresh hells yet to come, financial markets signaled … growing optimism.” This actually makes sense. Other things that happened, aside from the act of insurrection, like the Georgia win giving Democrats control over the Senate. This makes “a huge difference for economic policy, making it almost certain that we’ll have an additional large relief package, and fairly likely that we’ll get some much needed investment in infrastructure.”
Tags: Control, Democrats, Economic policy, Financial markets, Georgia, Insurrection, Investment, Optimism, Relief package, Senate, Sense, Signaled, U.S.
Foreign Policy (April 24)
“Britain can’t afford to keep talking about Brexit. The never-ending conversation about leaving the EU has stalled all other progress on economic policy…. We need a resolution to this phase of Brexit, not just to resolve the short-term issue but so that we can start to think about the long term again.”
New York Times (November 23)
“Everything this president and this Congress are doing on economic policy seems designed, not just to widen the gap between the wealthy and everyone else, but to lock in plutocrats’ advantages, making it easier to ensure that their heirs remain on top and the rest stay down.” While the “terrible tax bills” may not make it through Congress, “environmental policy is largely set by administrative action, and this administration has been moving with stunning speed to get poisons back into our air and water.”
Tags: Air, Congress, Economic policy, Environment, Heirs, Plutocrats, Poisons, Trump, Water, Wealth gap
Institutional Investor (March 20)
“For years, asset management firms have benefited as the banking industry was dragged down by quantitative easing and increasing regulation. The one-two punch spurred a more than $100 billion divergence in revenues since 2011, with asset managers up $65 billion and wholesale banks down $45 billion at the end of 2016…. But now, with asset managers facing ‘intense’ pressure on fees and with economic policy shifting in favor of banks,” there are growing predictions for “a ‘reversal of fortunes’ for the two sectors.”
Tags: Asset management, Banking, Economic policy, Fees, QE, Regulation, Revenues, Reversal
