Anna Wong
@AnnaEconomist
Chief US Economist, Bloomberg LP @economics. Former Fed/CEA/US Treasury, @uchi_economics @UCberkeley. All opinions are my own.
Brad’s spidery sense of this is second to none, and this is coming from my unbiased opinion of having worked for him. (And he is usually right)
A deep dive -- a really deep dive some might say -- into the IMF's new External Sector Report. It is a step in the right direction, but the IMF is still understating the scale of global trade imbalances and the scale of China's surplus. 1/ cfr.org/blog/better-la…
China faces domestic demand problems from multiple directions. At the same time its costs advantage over the rest of the world is surging: 1. Popping of a real estate overhang that will exert downward pressure on demand and prices for many years to come. Negative wealth effects…
My reaction after a preliminary forecast to next week’s NFP: nothing about it is intuitive.
Yet another reason why the the US trade war is dealing a competitive blow to the rest of the world vs-a-vs China, which should presage a significant increase of Chinese exports to many EMs and advanced countries alike. Year to date, CNY has depreciated against most currencies.…
On how much Chinese goods vacated by US demand will hit EU, my colleagues @RushEconomics and Maeva Cousin estimated that $75 billion will be looking to EU. Turns out EU and US buy similar stuff from China. And this is not yet looking at the production similarity between EU And…
Mao Zedong gets shocked by the height of Henry Kissinger's wife
China today released June trade data. Its exports to Nauru - the third smallest country in the world after the Vatican and Monaco - are up 6000% from a year ago. A symptom of how powerfully US tariffs are hitting China, pushing a flood of Chinese exports to everywhere else...
Wildlife photographer Sha Lu captures the perfect moment a small animal looks at the camera while being caught by a predator.
Our latest @TheTerminal : blinks.bloomberg.com/news/stories/S…
The chart that says a thousand words (with implication on trade war):
What if....the argument for Warsh as Fed Chair is that markets see him as the perpetual hawk and, term premium actually goes down with his appointment? And long yields, ultimately, is what Trump cares about. I supposed that's the best case to be made for Warsh as chair.