Since the Feb. 24 invasion of Ukraine by Russia, the West has moved forward with a series of severe sanctions aimed to exact an economic toll on Russia in order to force Moscow to stop the invasion. These sanctions will … Read More

Since its acceptance into the World Trade Organization on Dec. 11, 2001, China has become an ever-more dominant player on the stage of global trade and growth. Today, the Chinese wield influence in many countries through trade and financial linkages, … Read More

For three quarters of a century, the U.S. dollar has reigned supreme as the world’s reserve currency. Even amid America’s declining share of the global economy and, since the Global Financial Crisis (GFC), massive monetization of the U.S. national debt, … Read More

For every action, there is an equal and opposite reaction. In the case of international trade and global payments, the U.S. made aggressive use of sanctions and tariffs. With some merit, Washington has argued that these actions level the playing … Read More

Bill Campbell on Global Bond Markets over the Near and Medium Term

In this episode of the Sherman Show, recorded the morning of May 6, 2020, Sam Lau does the weekly macro and market update; then DoubleLine’s Bill Campbell … Read More