EM Debt Market

Lazard, King of Emerging-Market Debt, Faces a New World Order
https://www.bloomberg.com/news/features/2024-10-01/lazard-investment-bank-s-government-debt-business-squeezed-by-china-new-rivals
Along with the demands of China and debt investors, the company faces more vigorous competition, including from its own former bankers. 

China’s Stealth Fighter

China unveils new J-35A stealth fighter jet to challenge US
https://www.telegraph.co.uk/world-news/2024/11/12/china-unveils-new-j-35a-stealth-fighter-jet-to-challenge-us/ 

The Latest Iteration of the Bitcoin Bubble

The Bitcoin Bubble Isn't All About Trump
https://www.bloomberg.com/opinion/articles/2024-11-12/trump-win-doesn-t-completely-explain-the-bitcoin-bubble
Crypto has been around for only about 15 years, which is not much time in financial markets in general and certainly not enough time to make a definitive inference about its pricing behavior. That said, a pattern is emerging: Crypto currencies have a very high beta, a measure of an asset’s volatility, and they are very correlated with the overall stock market. When the market is up, they are up even more. When it falls, so does crypto — even more. 

Why crypto mania is reaching new heights
https://www.economist.com/finance-and-economics/2024/11/12/why-crypto-mania-is-reaching-new-heights

Trump 2.0 - Potential Impact on Mexico and Europe

Mexico Signals It Could Hit Back at U.S. With Tariffs of Its Own
https://www.nytimes.com/2024/11/12/world/americas/mexico-tariffs-trump.html
Could a tariff war erupt between the United States and Mexico? A top Mexican official said his country might retaliate if the Trump administration placed steep tariffs on Mexico.
 
Trump’s Tariffs Could Deal a Blow to Mexico’s Car Factories
https://www.nytimes.com/2024/11/12/business/economy/trump-mexico-trade-tariffs-car-factories.html
The president-elect has said he could impose punitive tariffs on car imports from Mexico, a move that could hurt factories and workers on both sides of the border.

Europe Braces for Trump: ‘Worst Economic Nightmare Has Come True’
https://www.nytimes.com/2024/11/12/business/economy/europe-economy-donald-trump.html
The United States is the biggest trading partner for the European Union and Britain, whose economies could be at risk from the president-elect’s policies.
 
Why the euro is tumbling
https://www.telegraph.co.uk/business/2024/11/12/why-germany-and-trump-are-crashing-the-euro/ 

Market Concentration and Inflation

The Lesson of This Election: We Must Stop Inflation Before It Starts
https://www.nytimes.com/2024/11/12/opinion/election-inflation-cost-shock.html 

Related:
https://www.newyorker.com/news/persons-of-interest/what-if-were-thinking-about-inflation-all-wrong  

Political Correctness

The Economics of Political Correctness
https://www.wsj.com/opinion/the-economics-of-political-correctness-scholars-need-incentives-to-find-truth-not-hide-it-263c7aa1
Scholars need incentives to tell the truth, not to hide it and promote socially acceptable ideas. 

Middle Powers and a Multipolar World

Middle Powers Will Make a Multipolar World
https://www.project-syndicate.org/commentary/middle-powers-means-multipolar-world-not-us-hegemony-or-us-china-bipolarity-by-dani-rodrik-2024-11
Although middle powers like India, Indonesia, Brazil, South Africa, Turkey, and Nigeria are unlikely to form a bloc of their own, they are well-positioned to lead on many pressing issues. In doing so, they can offer a vision for the world economy that does not depend on either America’s or China’s power and goodwill.

EMERGING MARKETS ON THE GLOBAL STAGE

https://www.imf.org/-/media/Files/Publications/Fandd/Article/2024/09/Aslam.ashx

China versus Trump - PART II

As Trump Threatens a Wider Trade War, the U.S. Confronts a Changed China

https://www.nytimes.com/2024/11/11/business/trump-china-trade-war.html

The Chinese economy is more dependent on exports, making tariffs more potent, yet it’s less reliant on American markets and increasingly bent on self-sufficiency.

Trump 2.0 is likely to be worse for China and the global economy
https://www.scmp.com/opinion/world-opinion/article/3285939/trump-20-likely-be-worse-china-and-global-economy

 

Related:

https://www.reuters.com/world/south-america-trump-already-losing-trade-battle-with-china-2024-11-11/

https://www.scmp.com/economy/china-economy/article/3285836/economist-huang-yiping-trade-war-redux-under-trump-and-chinas-stimulus-u-turn

Where Elite University Degrees Are a Handicap

The Bosses Who Don’t Care About Your Ivy League Degree

https://www.wsj.com/us-news/education/ivy-league-education-jobs-a897807d

Elite university pedigrees can work against job seekers in some corners of the corporate world