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    MACRO

    The End of American Exceptionalism

    The shale boom has turned to bust, Silicon Valley’s excesses are unwinding, and the Fed has outspent other central banks.


    CURRENCIES

    The Last Dance

    China will be the final casualty of the dollar bull market.


    POLITICS

    Coronavirus: Impact on the Dollar and US Election

    Should we think of America as a classically troubled emerging market?


    ECONOMY

    American Comeback

    While the world balks at America’s failed response to a pandemic, their economic management may yet prove to be superior.

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