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US exceptionalism without the exceptionalism
What emerging market equities tell us about US policy
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Stephen Kirchner
2
From trade war to war war
Plus, voting records on the new RBA Monetary Policy Board
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Stephen Kirchner
TACO hell and the 'mob of macro intelligentsia'
Plus, US and Australian Q2 inflation; and QT and bond yields
 • 
Stephen Kirchner
Measuring uncertainty and its economic implications
Uncertainty is quantifiable and not all that uncertain in its effects
 • 
Stephen Kirchner

May 2025

TACO Tuesday, judgement day for IEEPA and Trump's new war on foreign investment
Plus, a short intellectual history of fiscal policy and interest rates
 • 
Stephen Kirchner
Moody blues
Treasury yields, risk premia and institutional quality
 • 
Stephen Kirchner
'Peak' tariffs, Trump puts and bond vigilantism
Why the tariffs are disinflationary
 • 
Stephen Kirchner
The Trump effect on Australia's federal election
When the narrative identification writes itself
 • 
Stephen Kirchner
The first 100 days
Plus, RBA virtue signaling
 • 
Stephen Kirchner
2

April 2025

© 2025 Stephen Kirchner
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