wonkmonk (@wonkmonk_) header
wonkmonk (@wonkmonk_) profile picture

wonkmonk

@wonkmonk_

"The ultimate, hidden truth of the world is that it is something that we make, and could just as easily make differently." - David Graeber

youtube.com/watch?v=su9w_EO1t7Q&list=PLxqev3ZAt0MFYpW_cF8IRh8_VO1zM5no1
Joined July 2010
  • Tweets15.3K
  • Following490
  • Followers47.4K
IMF: Interest-Growth Differentials and Debt Limits in Advanced Economies imf.org/en/Publications/WP/I… neweconomicperspectives.org/… cc: @stf18
Image from wonkmonk (@wonkmonk_)
Image from wonkmonk (@wonkmonk_)
Image from wonkmonk (@wonkmonk_)
32
116
15
264
I guess it is time to repost this. Yesterday Treas’s announcement had nothing to do with QE or YCC. Typical public debt management to accommodate balance-sheet needs of participants. Done many times before.
Eric Tymoigne (@tymoignee) profile pictureEric Tymoigne@tymoigneeApr 3
The primary dealers system is less and less able to contribute to smooth financing of Treasury. Hedge funds greater involvement and higher leverage (with banks providing financing to them) => more instability + sensitivity of rate to issuance has gone up. Not good signs.
Image from Eric Tymoigne (@tymoignee)
3
14
2
39
3,591
The increase in the current account surplus of East Asia right now is really quite something -- Almost all of the world's surplus is now in a few countries 1/many
Image from Brad Setser (@Brad_Setser)
11
44
4
173
19,734
China's currency is undervalued by 21% in the IMF's workhorse model, & in reality by more, as the IMF uses China's misleading official number for its c. account surplus ...
The Economist (@TheEconomist) profile pictureThe Economist
@TheEconomistAug 16
That would help address global concerns about Chinese reliance on exports for growth, writes Brad Setser economist.com/by-invitation/…
China’s exorbitant surplus calls for a much stronger yuan

China’s exorbitant surplus calls for a much stronger yuan

That would help address global concerns about Chinese reliance on exports for growth, writes Brad Setser

economist.com
17
23
4
156
31,127
Pre-tax corporate profit margins just hit 20.6%, the highest on record. 2/
Image from Eric Basmajian (@EPBResearch)
4
13
1
55
8,458
Computer equipment investment is now 1.2% of GDP. Higher than the 2000 dot-com peak. In 2023, it was 0.5%. It has more than doubled in two years...
Image from Eric Basmajian (@EPBResearch)
14
62
5
218
21,619
There has been too much talk of petrodollars. And not enough talk of Chinese dollars China isn't really de-dollarizing. Rather the contrary. A new blog 1/ cfr.org/articles/chinas-fake…
China Didn’t De-Dollarize. It Just Hid Its Dollars. | Council on Foreign Relations

China Didn’t De-Dollarize. It Just Hid Its Dollars. | Council on Foreign Relations

China didn’t truly de-dollarize—it just shifted its dollar holdings from official reserves at SAFE to less transparent state entities like banks and investment funds.

cfr.org
23
155
21
523
80,454
Martin Wolf: The dangerous triumph of neo-mercantilism ft.com/content/cd68b35f-f00d…
Image from wonkmonk (@wonkmonk_)
1
3
2
1,397
"in the mercantilist era, there was agreement that gold was a politically neutral form of money."
798
Trying to change our minds about gold: @rbrtrmstrng ft.com/content/d68e758f-ad2a…
Image from wonkmonk (@wonkmonk_)
1
2
5
829
Promise to Pay: The Politics and Power of Money in Early America (2024) press.uchicago.edu/ucp/books… #book
2
5
2,100
Katie Moore: The Blood That Nourishes the Body Politic: The Origins of Paper Money in Early America (2019) web.archive.org/web/20251211…
2
727
doi.org/10.1162/tneq_r_01080
717
Money and the Making of the American Revolution (2025) press.princeton.edu/books/ha… #book
2
1,287
Recessions have become ultra-rare. That is storing up trouble economist.com/finance-and-ec… archive.is/aeAK8
1
987
Out of Hitler's Shadow: Debt, Guilt, and the German Economic Miracle (2025) global.oup.com/academic/prod… #book ft.com/content/020cb658-58ce…
8
1,144
And this is compares minimum wages to median wages by country.
Image from Jason Furman (@jasonfurman)
4
6
1
34
5,343
Unbecoming Persons: The Rise and Demise of the Modern Moral Self (2025) press.uchicago.edu/ucp/books… newbooksnetwork.com/unbecomi… web.archive.org/web/20251024… #podcast #interview
1
1
932
Understanding the “Swoosh”-Shaped Yield Curve for Treasuries stlouisfed.org/on-the-econom…
1
1
1
1,724
US Gold Reserves Hit $1 Trillion in Value After Record Rally bloomberg.com/news/articles/…
Image from wonkmonk (@wonkmonk_)
2
1,020
Pay Up! Conservative Myths About Tax Cuts for the Rich (2025) cambridge.org/cz/universityp… #book newbooksnetwork.com/pay-up #podcast #interview
1
2
6
1,095
Load more