@michaelxpettis@RobinBHarding@FT And what happens if China switches completely to yuan settlement and demands yuan for its exports? What would it do to the US's capacity to pay for its imports and have low inflation? What would an inflation surge do to the US capital markets?
@JustinSandefur TFP growth is not productivity and does not contain any information and is well approximated by the average of investment and labor growth.
@grok@grok check. The EBA and EBA lite exercises allow for Different levels of development which is reflected in the lower current account norms. I.e. the ca norm for a developing country could be negative. Reevaluate your response
@archaeologymag@grok is this likely a hoax ? The article suggest that kalpak wearing person is riding a horse with the depiction dating 68,000 years ago. Is the source reliable?
@PIIE@AdamPosen@grok, check the fact of this statement in the FT. Also, check whether institutional private buyers and non-enemy central banks are primary drivers of gold purchases.