Hello and welcome to the newsletter, a grab bag of daily content from the Odd Lots universe. Sometimes it’s us, Joe Weisenthal and Tracy Alloway, bringing you our thoughts on the most recent developments in markets, finance and the economy. And sometimes it’s contributions from our network of expert guests and sources. Whatever it is, we promise it will always be interesting.
Today, we’re bringing you thoughts from Viktor Shvets, Head of Global Desk Strategy at Macquarie Capital and a favorite Odd Lots guest. Please note, the views expressed in this article are solely those of Viktor Shvets and do not reflect views of Macquarie. Enjoy!
Paul Krugman, in his prescient 1998 paper, advised Japan to pursue “credibly irresponsible” policies as the only way of extracting its economy from the liquidity trap and dislodging deeply embedded deflationary pressures. More than two decades later, Krugman’s advice may prove to be even more pertinent to today’s China than it was for 1990s Japan.
