Tuesday, July 28, 2026

State of the Trump Economy

Trump economy at 18 months is a tale of shocks, resilience, and signs of stalled progress
https://www.reuters.com/world/us/trump-economy-18-months-is-tale-shocks-resilience-signs-stalled-progress-2026-07-27/
The economy has stalled in many of the areas where Trump said that mass deportations of undocumented people and higher import taxes would trigger a boom, with the U.S.-Israeli war against Iran intensifying some key risks. 

Asia’s New Geopolitical Reality

A Historic Shift is Underway in Asia 
https://www.nytimes.com/2026/07/27/opinion/asia-military-security-china-allies.html

Iran War Forces Energy Buyers to ‘Unshackle’ From Global Markets
https://www.nytimes.com/2026/07/27/business/natural-gas-lng-asia-exposure.html
Developing Asian nations, scarred by Middle East supply shocks, are working to scale back their reliance on imported fuels, including liquefied natural gas.  

Related:
Can Renewables Industrialize Africa?
https://www.foreignaffairs.com/africa/can-renewables-industrialize-africa
The Iran War Is Driving the Continent Toward Chinese-Backed Green Energy. 

Monday, July 27, 2026

Do Consumer Sentiments Really Matter?

Why economic surveys have lost their relevance
https://www.ft.com/content/1c559e9c-83b8-486c-812f-cb431e6970ce
Distorted by partisan passion and rising inequality, they are a reflection of popular frustrations — not overall growth.


Do We Really Feel This Lousy About the Economy, or Is a Key Survey Broken?
https://www.wsj.com/economy/consumers/do-we-really-feel-this-lousy-about-the-economy-or-is-a-key-survey-broken-06c8c9ca
The University of Michigan is pushing back and defending its widely tracked consumer sentiment gauge. 

Currency Unions and Internal Devaluations

West Africa Needs Its Own Draghi Moment
https://www.project-syndicate.org/commentary/west-african-monetary-union-faces-its-biggest-test-by-fernando-morra-1-and-anahi-wiedenbrug-2026-07
Senegal’s debt crisis has exposed a deeper vulnerability within West Africa’s monetary union. Unable to devalue the shared currency, member countries must either endure painful internal adjustment or boost exports to earn the foreign currency they need to repay external creditors.