As the Fed has raised rates in response to inflation, regional banks have buckled. In addition to the unquantified knock-on effects on the country’s financial system, regional bank challenges pose a threat to commercial real estate, which is typically financed by a loan from a regional bank. Meanwhile, the “return to the office” has failed to materialize
Hal Brands | Bloomberg Opinion
The essential challenge of America’s economic relationship with China is to reap the rewards of interdependence while limiting the vulnerabilities. Hal Brands shows that President Joe Biden’s strategy of decoupling has little chance of being as controlled or immaculate as the administration suggests. First, Congress gets a vote and is messaging that Biden’s strategy is too timid. Next, economic coercion is a two-way street, and China may envision a more thorough decoupling than Biden seeks. Lastly, decoupling is a dynamic process; the deteriorating economic relationship could easily take on a momentum of its own, and tensions in one part of the relationship will spill over into others. Learn more here. >>
Michael Mazza | American Enterprise Institute
The United States and the People’s Republic of China (PRC) are in an adversarial relationship and strategic competition. Michael Mazza argues that this is due to the incompatibility of US and PRC visions for global order and the PRC’s rise as a global power. To secure a preponderance of power for the US-led coalition, the United States should abide by nine guidelines as it continues its rivalry with China. These guidelines include investing in American power, developing a deeper understanding of China, supporting liberalism and democratic allies, securing leadership in international organizations, and denying China the means to aggrandize its own power. Going forward, these guidelines should steer US policy throughout the adversarial relationship.
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