Mark Sobel, US chairman at Official Monetary and Financial Institutions Forum (OMFIF) and former US Treasury deputy assistant secretary for international monetary and financial policy, returns to Kopi Time for a deep dive into global macro and international finance. We begin by going over the US, from the present state of the economy to Fed policy, risk of inflation and aggressive policy, and the outlook for further fiscal effort. Mark has a broadly glass half-full perspective on these matters. We touch on the Biden administration’s take on global trade, on which Mark focuses on the shift in tone between this and the previous administration. We then move on to his recent article, provocatively titled “German and Chinese growth models are outdated.” Mark feels that the economies of Germany and China, short of new growth models, will continue to slow down, dragging the rest of the world with them. We conclude by discussing the IMF’s mandate and focus in the period ahead. Chock-full of insights. 

<p>Mark Sobel,&nbsp;US chairman at Official Monetary and Financial Institutions Forum (OMFIF) and former US&nbsp;Treasury deputy assistant secretary for international monetary and financial policy, returns to Kopi&nbsp;Time for a&nbsp;deep dive into global macro and&nbsp;international finance. We&nbsp;begin by going over the US, from the present state of the economy to Fed policy, risk of inflation and aggressive policy, and the outlook for further fiscal effort. Mark has a broadly&nbsp;glass half-full perspective on these matters. We touch on the Biden&nbsp;administration&rsquo;s take on global trade, on which Mark focuses on the shift in tone between this and the&nbsp;previous&nbsp;administration. We then move on to his&nbsp;recent&nbsp;article, provocatively titled &ldquo;German and Chinese growth models are outdated.&rdquo; Mark feels that the economies of Germany and China, short of new&nbsp;growth models, will continue to slow down, dragging&nbsp;the rest of&nbsp;the world with them. We conclude by discussing the IMF&rsquo;s mandate and&nbsp;focus in the period ahead. Chock-full of insights.&nbsp;</p>

Kopi time is a podcast series on insights from markets and economies around the world, hosted by Taimur Baig, Ph.D., Chief Economist of DBS Bank Ltd.

<p>Kopi time is a podcast series on insights from markets and economies around the world, hosted by Taimur Baig, Ph.D., Chief Economist of DBS Bank Ltd.</p>

Kopi Time podcast with Taimur Baig

DBS Economics & Strategy

Kopi Time E069: Mark Sobel on the US, Germany, China, IMF

https://api.omny.fm/orgs/f6ad7490-363d-4f1f-8948-abf300412a6f/clips/61105032-e6c2-43c8-8b56-ae36006146a0/transcript

Advertisement