Top Links #202 Trillion-dollar wealth effects, EM-EM trade, "if the world were a democracy" & the Valeriepieris circle

Great links, reading and images from Chartbook Newsletter by Adam Tooze

Christian Schad Operation (Appendectomy in Geneva) (1929), Lenbachhaus, Munich

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Wealth effects

household net worth—including cash assets, housing, equities, and bonds—was inflated dramatically by monetary and fiscal stimulus during the pandemic. A combination of cash handouts and asset price appreciation pushed ho…