Michael Weilandt

Macro researcher. @ExanteData & @CFR_org. Master's candidate @ColumbiaSIPA. Views my own

[Michael Weilandt @Mike_Weilandt]

Check out my quick primer for the IMF-World Bank Spring Meetings: https://t.co/fyytYEKmNe

[Brad Setser @Brad_Setser]

A lot of big US companies ....

Don't pay much tax in the United States.

Several reporting paying more abroad than to the U.S. Treasury.

A new blog with @Mike_Weilandt

https://t.co/d7538CZTNq

[Sander Tordoir @SanderTordoir]

Germany is the epicentre of the China Shock 2.0 reverberating in global markets

In a new paper, @Brad_Setser and I show the shock is a key driver of Germany’s economic malaise. And it's accelerating

Berlin needs to stop admiring the problem, and join efforts to fight back

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[Ben Page @Benpagelondon]

Same data, two different charts! A reminder that context - and proper explanation etc is vital!

[Robin Brooks @robin_j_brooks]

The Dollar is going vertical against the G10 and EM. This kind of spike has the potential to be highly disruptive. EM central banks will be intervening to stop their currencies from falling and will be selling Treasuries. That's bad for the basis trade...
https://t.co/gwV638KfDr

[Brad Setser @Brad_Setser]

One by product of China's exploding external surplus (goods surplus of $1.2 trillion, q4 current account surplus annualized is close to $1 trillion) is that it creates the raw material for some massive intervention numbers

h/t @Mike_Weilandt for the chart

[Brad Setser @Brad_Setser]

There is a graph circulating showing a big fall in the dollar share of global reserves. That graph includes gold reserves, and the value of the world's gold holdings have soared. Take out gold and there isn't much of a story ...

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[Jason Furman @jasonfurman]

Some countries that have prosecuted or threatened to prosecute central bankers for the purpose of political intimidation or punishment for monetary policy decisions: Argentina, Russia, Turkey, Venezuela and Zimbabwe.

[Federal Reserve @federalreserve]

Video message from Federal Reserve Chair Jerome H. Powell: https://t.co/5dfrkByGyX

[Brad Setser @Brad_Setser]

The appreciation of the yuan (against the dollar) in the second half of 2025 -- and particularly in December -- has attracted a bit of attention.

(h/t to @Mike_Weilandt for the chart)

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[Michael Pettis @michaelxpettis]

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The IMF formally recognizes that it is a depreciating RMB, not rising manufacturing efficiency, that drives China's growing trade surplus.
https://t.co/1SHnI4UqcT

[Brad Setser @Brad_Setser]

Manage its currency using its state banks

[Martin Chorzempa 马永哲 @ChorzempaMartin]

Powerful writing

[Mark Sobel @sobel_mark]

Brad Setser & I argue the Chinese RMB is hugely undervalued & call on authorities to let it rise sharply. That's needed to tackle the excessive/massive current account surplus & incentivize domestic demand. 👇

Thanks to Brad for joining OMFIF's page.

https://t.co/pxq6HHpDW6

[Brad Setser @Brad_Setser]

A useful chart from @Mike_Weilandt showing that Chinese export out performance correlates with European export underperformance. No secret here, as Chinese trade has been very unbalanced the last 3 years

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[Drew Austin @kneelingbus]

i'm leaving new york if they create a Digital Map of the City

[Michael Weilandt @Mike_Weilandt]

Peso rally was very short-lived

[Robin Brooks @robin_j_brooks]

Looks like Japan intervened to bring 30-year JGB yield back down after it spiked earlier this week on news its next prime minister is a fiscal dove. Yield caps like this aren't the answer for Japan. They just lead to uncontrolled Yen devaluation. We watched this movie in 2024...

[Heidi Crebo-Rediker 🌻 🇺🇸🇺🇦 @heidirediker]

@DougRediker and I share thoughts in @FTAlphaville on politicized swap lines: When a “swap” isn’t a swap for financial stability, it’s a political signal. In the case of Argentina, are we setting a precedent: US financial firepower rewards friends abroad?

[Holger Zschaepitz @Schuldensuehner]

Good Morning from Germany, where the trade surplus dropped to $14.7bn in July; the lowest level this year as exports fell much more sharply than imports.