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Today’s generation of central bankers is afflicted with the same sense of denial that proved problematic in the 1970s
Small steps will be needed to rebuild trust but there are gains to be made on trade and dialogue
A crash is likely given the collapse in US domestic saving and a gaping current account deficit
The death of inflation has been exaggerated and after the pandemic we may need it
The temptation to punish China with tariffs is an example of a misguided approach