Friday, April 17, 2026

International Macro - Interesting Items

A Guide to the Gulf’s Trillions of Dollars of Sovereign Wealth
https://www.wsj.com/finance/a-guide-to-the-gulfs-trillions-of-dollars-of-sovereign-wealth-c17b505e
Before the Iran conflict, the oil-rich region was a reliable source of financing for Wall Street deals. 

Is the US Falling Victim to the Resource Curse?
https://www.project-syndicate.org/commentary/is-us-falling-victim-to-the-resource-curse-by-jeffrey-frankel-2026-04
The argument that the natural-resource curse is at work in the US rests on the assumption that rising oil and gas production will necessarily crowd out manufacturing, including renewables. But while the argument is increasingly heard, past experience in the US—as well as in Australia, Chile, Norway, and elsewhere—does not support it.


Global imbalances are back. Who’s to blame?
https://www.economist.com/finance-and-economics/2026/04/16/global-imbalances-are-back-whos-to-blame
The suspects look familiar.