Macroeconomics

Macro Wrap-Up: A Shadow on Growth in China

The fact that the trade dispute comes at a time when China has been fighting excessive lending presents a dual challenge for authorities. They may have to choose between rapid credit growth and their GDP target.

Macroeconomics

Macro Wrap-Up: A Different Kind of Winner's Curse

How sports franchise owners act like short-term momentum traders.

Macroeconomics

Macro Wrap-Up: Trade Wars, Nothing but Trade Wars

Tariffs will probably remain an issue in the near future. The market may move from not expecting a trade war, to expecting a short trade war, then to accepting a long trade war.

Macroeconomics

Macro Wrap-Up: Can Rates be Both Too High and Too Low?

What we really want to know as investors is whether monetary policy is tight. It’s not an easy question to answer.