The Ozempic Economy

Ozempic Maker Novo Nordisk Has Denmark’s Economy Hooked
https://www.bloomberg.com/news/features/2024-04-30/denmark-and-novo-nordisk-ozempic-maker-s-success-makes-huge-impact
The blockbuster drug producer is Europe’s most valuable company — and its home country is feeling the effects. 

U.S. Foreign Policy Towards Emerging Powers

Emerging Powers and the Future of American Statecraft
https://carnegieendowment.org/2024/04/09/emerging-powers-and-future-of-american-statecraft-pub-92101
Collectively, a group of emerging powers in Asia, Africa, Latin America, and the Middle East are growing in their geopolitical weight and diplomatic ambition. How closely do they align with the United States when it comes to Russia and China? What drives their decisions on the world stage? How can the United States integrate them into its foreign policy strategy?
 
Related:
https://foreignpolicy.com/2024/04/30/middle-powers-geopolitics-united-states-diplomacy/ 

Cost of QE

The Fed’s Quantitative Easing Program Cost Too Much
https://www.bloomberg.com/opinion/articles/2024-04-30/the-fed-s-quantitative-easing-program-cost-too-much 

 

The Perils of the Fed’s Vast Bond Holdings

https://www.nytimes.com/2024/05/03/business/federal-reserve-markets-turmoil.html

The Federal Reserve is shedding assets at a glacial pace, exposing the financial system to continuing risks, our columnist says.

The Rise of the Periphery

Europe’s Economic Laggards Have Become Its Leaders

https://www.nytimes.com/2024/04/30/business/europe-economy-inflation-growth.html

More than a decade after painful austerity, Greece, Portugal and Spain have been growing faster than traditional powerhouses like Germany.

 

Sun, Sea and Exports Give South Europe Reason to Feel Smug

https://www.bloomberg.com/news/articles/2024-04-06/europe-rebound-latest-sun-sea-exports-give-spain-greece-reason-to-be-smug

Spain, Portugal, Greece seen as top euro-zone performers.

MTM and High Rates

High Fed Rates Are Not Crushing Growth. Wealthier People Help Explain Why.    

https://www.nytimes.com/2024/04/30/business/economy/high-fed-rates-rich-people.html

High rates usually pull down asset prices and hurt the housing market. Those channels are muted now, possibly making policy slower to work.

 

Fed to Signal It Has Stomach to Keep Rates High for Longer

https://www.wsj.com/economy/central-banking/federal-reserve-meeting-interest-rates-inflation-6dcb05e8