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Tyler Muir: Financial crises amplify asset price drops, why recovery dynamics differ from economic activity, and the rise of populism post-crisis | Macro Musings

Financial crises have a more profound impact on asset markets than ordinary recessions. Asset prices drop more during financial crises due to an extra risk premium channel. Asset markets typically recover faster than economic activity post-crisis. дальше »

2026-2-18 22:15


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China’s massive gold spree inadvertently exposes a critical shift in how smart money escapes risk

The People’s Bank of China just logged its thirteenth straight month of gold purchases, extending one of the most deliberate reserve-management campaigns of the post-crisis era. These purchases signal that the world’s second-largest economy is shifting deeper into sovereign-controlled, seizure-resistant assets. дальше »

2025-12-12 19:05