New research shows that voters are paying less attention to the business cycle, US Presidential hopeful Warren’s advisor explains why he wants to tax the super-rich and how debt-fuelled public spending may crowd out small businesses. Meanwhile, former Greek finance minister Yanis Varoufakis gives his odds on new ECB President Largarde succeeding (you can guess his answer)
On markets, yet more 2020 outlooks – most are bullish with the usual caveats of trade war escalation. There’s been a flurry of articles trying to explain why productivity is low. For some it is related to low regional mobility, for others it is low real rates. Then some are looking at mismeasurement issues.
On China, we find that Huawei’s international sales are growing – just not in the US. Plus there appears to be some attempts by Chinese authorities to stem outflows.
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