Escalating US fiscal risks

The UK 'Truss shock' provides insight into the growing risks of the unsustainable US fiscal path causing a global financial shock

I was recently quoted in the Financial Times in an article on the global economic and geopolitical spillovers of China’s new manufacturing-heavy growth model:

David Skilling, director at advisory firm Landfall Strategy Group, says “the absorptive capacity of the global economy is limited” and warns that “there’s going to be some real geopolitical blowback” from China’s expansion of high-tech manufacturing…

Skilling says China will not be able pursue these policies “indefinitely” and notes that export flows are already shifting towards economies that are more geopolitically “friendly”, including other members of the Brics grouping, the Association of Southeast Asian Nations, Latin America, and Africa. But developing economies cannot compensate for reduced access to advanced economies.

The FT article is available here ($): https://www.ft.com/content/ae517907-0244-4344-ad0a-1d029c03555b  

I also had a recent op-ed in the South China Morning Post, joint with Donald Low, on these issues togeth…