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The Overshoot

Matthew C. Klein
Thousands of paid subscribers

Making sense of the global economy and financial markets

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Latest Issues

The Win-Win Solution to "China Shock 2.0"

The best way to address the concerns of China's trade partners is to let the Chinese people live better.

I will be in Dalian on June 23-25 for the World Economic Forum’s Annual Meeting of the New Champions. I will be giving a short present...

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The Case for Higher U.S. Rates

Hormuz may be opening up, but the combination of robust growth and stable-to-accelerating underlying inflation suggests that the previous bias to lowering rates was a mistake.

Among other reasons, Kevin Warsh was nominated to run the Feder...

14 days ago
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Yes, Living Standards Have Grown Slower in Northwest Europe than in the U.S.

But what that means for relative income levels is much less clear.

The point of working is to produce enough value for the rest of society to be able to consume as many goods and services as we want for at least as long as we are alive. “P...

a month ago
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Russia's Underwhelming Oil Revenue Windfall

The latest data show that the increase in energy prices since the start of the conflict with Iran has done relatively little to improve the finances of the Russian government or its military industry.

A barrel of Brent crude oil cost about...

2 months ago
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The U.S. Job Market is (Still) Inflationary

Wage growth is now accelerating slightly, supporting the quickening of "supercore" service price increases. Plus: more on the health care wage slowdown mystery.

I was fortunate to attend two fascinating conferences in the Bay Area last wee...

2 months ago
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    Trying to understand how things work, with a focus on economics, finance, and history.

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