Head of Policy Research - Algebris Investments
Non-Resident Fellow - Bruegel Think Tank
Adjunct Lecturer - Johns Hopkins SAIS
Views obviously my own
Silvia Merler
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Kevin Warsh takes over the Federal Reserve today. He inherits an energy shock and Jerome Powell, who stays on the board. Warsh’s view of Al as "structurally disinflationary" may turn out to be right as concept but wrong on timing. It will be interesting to watch.
www.instagram.com/p/DY0JubCkd9...
Silvia Merler
Three recent prominent books in economic policy, which I liked reading and recommend. Full discussion at: www.instagram.com/p/DXRhDGxDLB...
US March CPI recorded the largest monthly jump since June 2022 - entirely driven by energy. At the same time, consumer confidence hit a historic low and nominal wages grew at the slowest pace since May 2021. The Iran shock is squeezing real incomes, and putting the Fed in a difficult position.
Is this the same Commission who argued it was imperative to scale back the EU sustainability regulatory framework via the Omnibus, because green tape was supposedly killing European competitiveness?
🇺🇸 🇨🇳 The world’s two largest economies meet. On the agenda: investment, Taiwan, tech, Iran and - obviously - tariffs and trade.
www.instagram.com/p/DYSHkNCjOV...
A wild day in energy markets, with Brent breaking through $119 before dropping below $90 on Trump’s comments hinting at a potential offramp. The conflict has pushed oil prices almost 30% above baseline - to be seen whether this reversal proves stable.
As the Strait remains closed, jet fuel prices are the first line of disruption. Read more at ➡️ www.instagram.com/p/DXWtCE9DNY...
Two striking findings from the IMF World Economic Outlook just published - looking at who pays the cost of war and how big the macroeconomic impact of conflicts is.
Full explainer on my IG ➡️ www.instagram.com/p/DXMUoKqDLh...
The European Commission published its energy crisis plan (AccelerateEU) which is being discussed at the summit of EU leaders taking place on April 23/24.
Read more ⬇️
www.instagram.com/p/DXhCOdJjLm...
Silvia Merler
Silvia Merler
NEW: The theory that the dollar's status as the world's dominant reserve currency is a main driver of America's large & persistent current account deficits is wrong, Maurice Obstfeld writes.
Silvia Merler
Silvia Merler
Silvia Merler
Silvia Merler
Silvia Merler
Silvia Merler
The Trump administration and China's leaders generally differ on economic policy, but on one proposition some prominent members of their economic teams seem to agree: The dollar's status as the world'...
🚨 BREAKING: The European Commission has urged people to work from home, drive and fly less, and for EU countries to urgently roll out renewables, as it warned of a prolonged energy crisis as a result of the conflict in the Gulf.
Full story: www.politico.eu/article/euro...
