Deciphering Kevin Warsh

Who Is the Real Kevin Warsh?
https://www.newyorker.com/news/the-financial-page/who-is-the-real-kevin-warsh
Before the new Fed chairman got the job, he intimated that the central bank could cut interest rates, but last week he assumed the role of an inflation hawk. 

AI Boom in East Asia

Welcome to the Luxury City Built by Taiwan’s A.I. Boom
https://www.nytimes.com/2026/06/24/business/taiwan-chips-boom.html
Fortunes, expensive buildings and birthrates are rising in the city at the center of Taiwan’s chip supply chain.
 
A.I. Riches Fuel Economic Divide in Asia’s Chip Powerhouses
https://www.nytimes.com/2026/06/24/business/taiwan-korea-ai-chips.html
A.I. demand is driving stock market gains and booming exports in South Korea and Taiwan. But the rest of the economy is being left behind. 

EMs - Risk and Resilience

Turning Latin America’s Resilience into Growth
https://www.project-syndicate.org/commentary/latin-america-caribbean-must-build-strategic-growth-frameworks-by-ilan-goldfajn-and-eduardo-l-yeyati-2026-06
Economic stabilization has been a significant achievement for Latin America and the Caribbean, a region with a long history of financial crises. But these countries need a well-sequenced reform agenda to attract private investment and create the growth engine that will translate hard-won gains into higher living standards. 
 
Developing-Country Risk Is Being Mispriced
https://www.project-syndicate.org/commentary/new-evidence-shows-that-africa-investment-risk-is-lower-than-assumed-by-vera-songwe-and-mahmoud-mohieldin-2026-06
When investors say there are no “bankable” projects in developing economies, they are typically referring less to project quality than to the cost of capital. But the assumptions driving up risk premia are not supported by the evidence, and until this changes, the misallocation of capital will continue to undermine development.  

The Yuan Alternative

China Is Luring the World to the Yuan—and Hobbling Western Sanctions
https://www.wsj.com/world/china/yuan-sanctions-dollar-alternative-73b23c2f
Iran and Russia have used the currency to carry out oil sales and other trade, evading controls on dollar transactions. 

The Fed and the Stock Market

Fed's bubble blind spot is cause for anxiety
https://www.reuters.com/commentary/reuters-open-interest/feds-bubble-blind-spot-is-cause-anxiety-2026-06-24/
New Federal Reserve Chair Kevin Warsh is unlikely to differ much from the late Alan Greenspan on how the central bank should deal with financial asset bubbles — and that legacy offers little comfort to anyone.

Can the Market Still Bet on the ‘Greenspan Put’?
https://www.wsj.com/economy/central-banking/can-the-market-still-bet-on-the-greenspan-put-f3e19238
The return of inflation after the pandemic has left a question mark over whether the Put still exists—and plenty of debate about whether it is a good thing. 

Related:

Have misguided policies led to recent asset bubbles and boom-bust cycles? BY VIVEKANAND JAYAKUMAR, The Hill - 02/16/21
https://thehill.com/opinion/finance/538921-have-misguided-policies-led-to-recent-asset-bubbles-and-boom-bust-cycles/

British Politics

The Forces That Broke the Two-Party System in the U.K.
https://www.wsj.com/world/uk/the-forces-that-broke-the-two-party-system-in-the-u-k-30137b8a
British politics has gone from predictable and patrician to utterly maverick. Now, the once unthinkable looks possible: an unpopular populist taking power. 

‘A Terrible Inheritance’: Could Andy Burnham Succeed Where Starmer Failed?
https://www.nytimes.com/2026/06/23/world/europe/uk-burnham-starmer-politics.html
The likely successor to Prime Minister Keir Starmer will face the same challenges of economic stagnation and ascendant populism. Will Britain give him time?

Overpaid CEOs?

Top-Paid CEOs Smash the $200 Million Payday
https://www.wsj.com/articles/ceo-pay-2025-d2885ea3