1946-1980: Virtually everybody in the U.S. saw their post-tax income double, apart from the very wealthy.
S Africa’s financial outlook in 3 graphs from @SergiLanauIIF Given low growth S Arica need a painful primary surplus to stabilize debt. Planned adjustment is
The euro despite appreciating against the dollar is broadly at PPP. @Gavekal https://t.co/pj5LSlRqLc
India is bouncing back rapidly from 2020 shock BUT still far from pre-crisis trend, let alone trend pre shadow banking crisis. @SergiLanauIIF invaluable as ever.