Matthew C. Klein

My former colleague John Authers has an excellent piece showing how this could have been expressed in a hypothetical long-short equity portfolio.

Several good points here from @adam_tooze, curious to see how the rest of the series evolves: [link] (But I disagree w/ claim that *no* historical analogy is relevant for understanding today's China. Just need to find the right ones and appreciate the nuances!)

Very good thread, but this is the key point

Excellent analysis from @johnauthers on the cross-country dynamics linking credit spreads, inflation, and household balance sheets:

One day there will be an article that explains exactly what happened to Jeff Sachs, but in the meantime this interview provides a good sense of what he's like now: