↪re: 2024 in re:Vue
“When the facts change, I change my mind. What do you do, sir?". –John Maynard Keynes
Dear Readers,
Happy New Year! As we look ahead, there’s an inescapable sense that we are on the brink of a new era—in politics, technology, and economics. We are all looking for ways to understand, track, and predict fast-moving transformations around the globe. At econVue, we hope to be your guide along the way, offering new viewpoints, facts and information, in order to promote discussion and the exchange of ideas. This issue of re:Vue will be published in two parts:
Posts and podcasts from the end of 2024 you might have missed, below
A pre:Vue of 2025 featuring insights from our contributors, and a curated list of recommended readings and recordings.
As winter descends full force upon the United States, I was mesmerized by this enhanced video of a snowball fight in France, one of the first films ever made by the aptly named Lumière Brothers. The original grainy film looks as old as its 127 years—but the AI-enhanced and colorized version feels strikingly modern—and real. Which version is closer to the truth? This question illustrates the overwhelming role technology now plays with our perceptions of reality.
As this new year unfolds, it’s crucial to examine how we know what we know. Some simplistic narratives will be amplified, while others that are more complex will be overlooked. Eschewing grittiness in favor of more polished versions of reality could risk distancing ourselves from the truth.
With this in mind, I’ve invited our econVue contributors to share their 2025 forecasts in our next edition of re:Vue, which will double as our first annual pre:Vue.
Over the past year, we have focused on several key themes:
Economic implications of the US elections
India’s rise
China’s painfully slow recovery
Traditional finance vs Decentralized finance
Economic effects of natural disasters
War and economics, especially energy impacts
Monetary policy, including inflation and Modern Monetary Theory
Boycotts and sanctions
Global Financial Architecture
Headwind Risks
For a full list of our articles, panels, and podcasts in 2024, please click here to explore ↪ econVue or scroll down to see our most recents posts.
–𝓁𝓎𝓇𝒾𝒸 💬
Editor-in-Chief
re:Vue condenses all our newsletters into one convenient, unobtrusive e-mail, prefaced by editorial commentary. You can choose which econVue newsletters to receive–or omit, including this one–– anytime in your econVue account..: Stories in ↪re:Vue
↪: Now on econVue 🔈
1.: Rebecca Patterson
🎧 THE HALE REPORT™ ⸱ Episode 65Rebecca Patterson — Navigating Uncertainty→
Hosted by LYRIC HUGHES HALE ⸱ Dec 10, 2024
In Episode 65 of The Hale Report, Lyric Hughes Hale interviews Rebecca Patterson, a leading economist and investment strategist with over 25 years of experience spanning journalism and finance, shares her unconventional journey — from covering foreign exchange for The Wall Street Journal to managing billions at firms like JPMorgan, Bessemer Trust, and Bridgewater Associates. 💬
2.: Edward Yardeni
🎧 THE HALE REPORT™ ⸱ Episode 64Ed Yardeni— Cautious Optimism →
Hosted by LYRIC HUGHES HALE ⸱ DEC 6, 2024
Welcome to the 64th episode of The Hale Report. Dr. Ed Yardeni is a distinguished economist and investment strategist shares insights from his four decades of experience analyzing global financial markets. He is the President of Yardeni Research, Inc., a firm specializing in global investment strategies and asset-allocation analyses. 💬
3.: Jesper Koll
🎧 THE HALE REPORT™ ⸱ Episode 63Jesper Koll — The Transformation of the Japanese Economy →
Hosted by LYRIC HUGHES HALE ⸱ NOV 20, 2024
Welcome to the 63rd episode of the Hale Report. Our guest is economist Jesper Koll, and our topic is Japan. We will be discussing how Prime Minister Shigeru Ishiba's recent election is reshaping Japan's political and economic landscape. 💬
4.: Jason Furman
🎧 THE HALE REPORT™ ⸱ Episode 62
Jason Furman — Strengths & Weaknesses of the US Economy →
Hosted by LYRIC HUGHES HALE ⸱ NOV 9, 2024
Jason Furman is the Aetna Professor of the Practice of Economic Policy jointly at Harvard Kennedy School (HKS) and the Department of Economics at Harvard University. From 2013 to 2017 Furman was the Chair of the Council of Economic Advisers (CEA) under President Obama. In this podcast he elucidates key economic terms and concepts, as he shares his past experiences in government and his current policy views. 💬
5.: Panel
ROBERT GORDON, LYRIC HUGHES HALE, RICHARD KATZ, MICHAEL LEWIS, KARIM PAKRAVAN, GORDON PARRISH, AND MICHELE WUCKER ⸱ SEP 18, 2024
❝ We explored the potential economic implications of President Trump's reelection, covering topics like inflation, Ai’s impact on labor, immigration, and geopolitics in the Middle East, China and Taiwan, and Ukraine. The discussion included potential cabinet-level appointments, Elon Musk’s influence in the new administration, and the recent surge in cryptocurrency valuations.
↪: Latest articles
6.:
§ Regional
A New Dual Mandate for Global Financial Stability→
LYRIC HUGHES HALE ⸱ DEC 16, 2024
❝ When considering possible trajectories for modern China, especially in light of the critical economic issue of taxation, two contemporary historical figures, King Richard II (1277-1399) and Zhu Yuanzhang, the first Ming emperor (1328- 1398) come to mind. The reigns of both men provide parallels and contrasts.
7.:
§ Policy & MicroA New Dual Mandate for Global Financial Stability→
LYRIC HUGHES HALE ⸱ DEC 16, 2024
❝ Bitcoin’s recent surge past $100,000, part of what Niall Ferguson has termed “an economic chain reaction” to the incoming crypto-friendly Trump Administration, is bound to intensify the debate about its role in the global financial system.
8.:
§ Regional
What Asian Economies Can Expect in 2025 →
MARSHA VANDE BERG ⸱ NOV 26, 2024
❝ The prospect of President-elect Donald Trump delivering on his campaign promise to impose sweeping tariffs and catalyze his “America First” program is driving fears in the Asia-Pacific region that the intention is also to unwind US leadership in the institutional underpinnings of multilateral trade.
↪: Who’s on econVue
9.: Karim Pakravan
VOICES📍Chicago, IL
Karim Pakravan’s international banking career began at First Chicago and ended three mergers later at JPMorgan Chase. Pakravan specializes in international financial research—22 years in Country Risk Management, and three years as Vice President & Senior Economist, Foreign Exchange and Emerging Markets. Dr Pakravan then returned to a full-time academic career, including eight years as a member of the Finance Department at DePaul University. In addition to his writing, he serves as an economic consultant.
→ Follow Karim Pakravan on Substack, on econVue and on his personal blog, Random Access Economics:
Background
🏛️ Ph.D. in Economics, University of Chicago
🎓 M.Sc. in Econometrics and Mathematical Economies, London School of Economics
🎓 B.A. in Mathematical Economics, University of Geneva 🖊️ Vue⫶𝓹𝓸𝓲𝓷𝓽𝓼
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econVue contributors share their latest thoughts on the global economy and their experiences covering it.
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📌 Notes
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To be continued…
Masterpieces of Japan: Fisherman Carrying His Net in the Snow, Hokusai, ca. 1821