The Overshoot
Subscribe
Sign in
Home
Chat
Archive
About
Share this publication
The Overshoot
theovershoot.co
Copy link
Twitter
Facebook
Email
Making sense of the global economy and financial markets
By Matthew C. Klein
· Over 25,000 subscribers
Subscribe
No thanks
By registering you agree to Substack's
Terms of Service
, our
Privacy Policy
, and our
Information Collection Notice
New Episode of UN/BALANCED!
Be sure to check it out if you haven't already.
Feb 6
15
Why the Fed Is Still Raising Rates
The inflation and income data are not yet in a place where officials are comfortable.
Feb 3
21
2
Whither Globalization? And What Would that Even Mean, Anyway?
Before getting worried about U.S.-led "deglobalization" or "fragmentation", it helps to have some context about what has already happened.
11 hr ago
14
3
America's "Excess" Household Savings Are Going Away
The highest-income households pocketed a windfall earlier in the pandemic that they have since used to cover capital gains tax payments, weak asset income, and inflation.
Jan 31
23
1
Most popular
Inequality, Interest Rates, Aging, and the Role of Central Banks
28
2
Immaculate Disinflation Hopes Dashed?
21
4
Wages, Prices, and Taming U.S. Inflation
28
3
The Fed Is Getting Less Sanguine About Inflation. Here's Why.
27
2
The Japanese Government Is Right to Defend the Yen (Part 1)
24
Is the U.S. Job Market Disinflationary Now?
29
5
See all popular
New
Community
Evaluating the Russia Sanctions via the Balance of Payments
The goal is to restrict access to critical imports. Achieving this by boycotting or embargoing Russian exports was neither realistic nor necessary.
Jan 24
20
2
Russia Sanctions Update: CIS-picious Trading Patterns
Exports to Russia have been rising in recent months, although mostly for goods without potential military applications. But there are suspicious…
Jan 20
19
2
Some Thoughts on U.S. International Economic Statecraft
The emerging consensus for greater government activism in domestic economic affairs should be paired with a more expansive vision of the constructive…
Jan 19
32
3
How Was the U.S. Current Account Deficit Financed In 2022?
Foreign banks and global hedge funds played an outsized role at a time when many reserve managers were selling.
Jan 14
19
1
Great News on Inflation! Will It Last?
Consumer goods prices continue to fall, but more importantly, there was encouraging progress on stubborn services prices as well as underlying wage…
Jan 13
29
2
Introducing UN/BALANCED: A New Podcast with Michael Pettis
Michael and I will be having monthly conversations about the global economy and financial system.
Jan 9
21
1
Is the U.S. Job Market Disinflationary Now?
Employment is rising as workers rejoin the labor force, while pay growth now looks to be slowing thanks to revisions. But other indicators suggest that…
Jan 7
29
5
The Overshoot's 2022 Year in Review
From puzzles in U.S. GDP data to the global impact of Russia's war on Ukraine, a look back on the past year and some thoughts on what might lie ahead.
Dec 31, 2022
22
See all
Most popular
Inequality, Interest Rates, Aging, and the Role of Central Banks
28
2
Immaculate Disinflation Hopes Dashed?
21
4
Wages, Prices, and Taming U.S. Inflation
28
3
The Fed Is Getting Less Sanguine About Inflation. Here's Why.
27
2
The Japanese Government Is Right to Defend the Yen (Part 1)
24
Is the U.S. Job Market Disinflationary Now?
29
5
See all popular
The Overshoot
Making sense of the global economy and financial markets
Subscribe
Recommendations
View all 26
UN/BALANCED
Matthew C. Klein
Dot Macro
Rebecca Hellerstein
Discourse Power
Tuvia Gering
O
Observing Japan
Tobias Harris
The Hundred
Marcel Dirsus
The Overshoot
Subscribe
About
Archive
Recommendations
Sitemap
This site requires JavaScript to run correctly. Please
turn on JavaScript
or unblock scripts