I write about global economics and politics. I am a columnist of The Guardian; veteran of the New York Times, The Wall Street Journal, Bloomberg Opinion and The Washington Post. Figuring things out.
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What will the world do without Treasurys? (audio)
Friends, here is the audio version of my latest essay, on how US Treasury bonds are losing their place as the world’s premier store of wealth.
Thanks for listening. Please subscribe, if you find these thoughts worthy of your time. Help me...
What will the world do without Treasurys?
The bond market is driving the Trump administration crazy. Last week, the treasury secretary, Scott Bessent, announced that the government would sharply ramp up its purchase of treasury bonds, in an effort to raise their price and thus push...
$40trn debt: inside the GOP’s plan to hobble the next Democratic administration (audio)
Friends, here is the audio version of my piece about Republicans’ strategy to destroy government via tax cuts., which has driven government debt to a record $40 trillion.
Being There is a reader-supported publication. To receive new posts...
$40trn debt: inside the GOP’s plan to hobble the next Democratic administration
You could pin the US’s staggering $40tn in government debt to Donald Trump’s Keystone Cops-style governance. Tariffs he sold as a new source of revenue were struck down by the supreme court, forcing the government to return tens of billions...
Is the U.S. afraid of China?
Since China offered a truce in the trade war last October following its threat to deprive the United States of rare-earth magnets, the Trump administration has been happy to stop escalating. After all, imports from China have been falling,...
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I write about global economics and politics. I am a columnist for The Guardian; veteran of the New York Times, The Wall Street Journal, Bloomberg Opinion and The Washington Post. Figuring things out.
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