The Great Economic War (GEW) (Part 7: Global depression and deglobalisation) Phuah Eng Chye (22 October 2022) The global economy is exiting a globalised, free market, QE-driven and low-risk environment labelled as the Goldilocks economy. It is entering a new paradigm which is deglobalising, state- and QT-driven and high-risk environment. In the new paradigm, the … “The Great Economic War (GEW) (Part 7: Global depression and deglobalisation)”
Tag: global monetary order
The Great Economic War (GEW) (Part 6: Geopolitics, monetary policy challenges and the collapsing tripod)
The Great Economic War (GEW) (Part 6: Geopolitics, monetary policy challenges and the collapsing tripod) Phuah Eng Chye (8 October 2022) Events are moving quickly; from an environment of relative calm to one of extreme stress. A global volatility blow-out is exposing the vulnerabilities of financial intermediaries, investors and businesses that relied on leverage to … “The Great Economic War (GEW) (Part 6: Geopolitics, monetary policy challenges and the collapsing tripod)”
The Great Economic War (GEW) (Part 5: Global economic breakdown and monetary disorder)
The Great Economic War (GEW) (Part 5: Global economic breakdown and monetary disorder) Phuah Eng Chye (24 September 2022) Tumultuous events act as watershed to mark the ending of an era and the beginning of another. The end of World War 2 was followed by the Cold War between the West and Communist spheres. In … “The Great Economic War (GEW) (Part 5: Global economic breakdown and monetary disorder)”
The Great Economic War (GEW) (Part 4: Battles reshaping the global monetary order)
The Great Economic War (GEW) (Part 4: Battles reshaping the global monetary order) Phuah Eng Chye (10 September 2022) The global monetary order underpinned by USD hegemony has held up remarkably well over many decades. Despite recurring financial and currency crises, USD hegemony provided the unity, efficiency and stability to drive globalisation. A key feature … “The Great Economic War (GEW) (Part 4: Battles reshaping the global monetary order)”
The Great Economic War (GEW) (Part 3: The financial nuclear bomb)
The Great Economic War (GEW) (Part 3: The financial nuclear bomb) Phuah Eng Chye (27 August 2022) In reaction to Russia’s invasion of Ukraine, the West launched a comprehensive economic war aimed at isolating Russia in the physical (e.g. airspace, ports, export and import bans) and information (e.g. ownership, finance) realms. The main offensive took … “The Great Economic War (GEW) (Part 3: The financial nuclear bomb)”