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Geo-Graphics

A graphical take on geoeconomics.

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92 Percent of Trump’s China Tariff Proceeds Has Gone to Bail Out Angry Farmers

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United States
Why the Fed Bond Binge Will Boost Inflation
After the 2008 financial crisis, it took five years of quantitative easing (QE) for the Fed’s balance sheet to grow $1.8 trillion. This year, once the pandemic began, it took less than five month…
China
China, a Major World Bank Borrower and Competitor, Must Stop Sheltering BRI Debt from G20 Standstill
As we explained in Foreign Affairs on April 27, China is trying quietly to exempt its massive Belt and Road Initiative (BRI) infrastructure loans to poor countries from its agreement to participa…
United States
Why the Fed’s Bazooka Will Not Stop a Wave of Corporate Defaults
  Acknowledging the enormous threat to jobs and incomes posed by the coronavirus epidemic, the Federal Reserve on March 23 pledged to use “its full range of authorities to provide powerful sup…
  • Asia
    CFR Mini Mac Index Suggests ‘Currency Manipulation’ Charges Trumped Up
    The “law of one price” holds that identical goods should trade for the same price in an efficient market. But how well does it actually hold internationally? The Economist magazine’s Big Mac Index us…
  • China
    As Trade War Drags On, China Revs Up Its Bad-Debt Machine
    U.S. tariffs cost China about $35 billion in export receipts for the first half of this year, and—even if so-called Phase One talks succeed—are set to continue sapping revenues well into 2020. Me…
  • China
    China’s “Massive” Trade Offer Leaves U.S. Farmers $7 Billion Worse Off
    President Trump has been talking up the “massive” trade deal he expects to sign with President Xi in November. China, he said, will soon be “buying much more farm products than anybody thought po…
  • Economics
    Housing Market Points to Recession By Election Day
    Looking back at the years preceding the 2008 financial crisis, a critical warning sign was the surging gap between the growth in home prices and household income—as can be seen in the main graphi…
  • China
    Trump’s Trade War Puts “Belt and Road First”
    When he began slapping tariffs on Chinese exports last summer, President Trump said his actions would bring down America’s trade deficit. China, however, has retaliated by pressuring its firms to…
  • United States
    “Mini Mac” Shows China’s Currency Shifting Into Undervaluation
    The “law of one price” holds that identical goods should trade for the same price in an efficient market. But how well does it actually hold internationally? The Economist magazine’s Big Mac Index uses the price of McDonald’s Big Macs around the world, expressed in a common currency (U.S. dollars), to measure the extent to which various currencies are over- or under-valued. The Big Mac is a global product, identical across borders, which makes it an interesting one for this purpose.
  • China
    Trump’s Trade War Is Pushing China Even Deeper Into Debt
    China state television has branded the U.S.-China trade war “no big deal” for the country. The IMF disagrees, opining that it may cost China 1.6 percentage points in GDP growth this year. Who is …