中美贸易战

Central banks will need new tools to combat the next downturn
央行如何应对下一场衰退?


希尔德布兰德:贸易战是否又是一个历史性错误有待时间证明。但可以肯定,政策制定者已没有过去那种应对衰退的弹药。

Trying to predict a recession is a fool’s game. Expansions don’t die of old age. Various hard-to-predict accidents can put an end to them. A trade war — like the Smoot-Ha