The near-term macroeconomic environment will get weirder and more fragmented. See Postneoliberalism and The Great Work for more context.

Reinventing the world economy

The Ministry for the Future, Kim Stanley Robinson
Co-ops in Spain’s Basque Region Soften Capitalism’s Rough Edges, Peter Goodman (December 2020)

Unreal markets

Which Way Now?, Howard Marks (March 2020)
Why the Global Recession Could Last a Long Time, Peter S. Goodman (April 2020)
Modern Monetary Theory Wikipedia entry [especially the “Criticisms” section]
Murder on the History Express, Venkat Rao (April 2020)
Knowledge of the future, Howard Marks (April 2020)
Money is losing its meaning, Jared Dillian (April 2020)
The debt reckoning has finally arrived, Robert J. Samuelson (April 2020)
The Anatomy of the $2T COVID-19 Stimulus Bill, Nick Routely (March 2020)
Millionaires to reap 80% of benefit from tax change…, Amanda Holpunch (April 2020)
The Fed’s coronavirus response could have unintended results, Dion Rabouin (April 2020)
The Fed may have fundamentally altered the nature of risk…, Ben Carlson (April 2020)
What the Negative Price of Oil is Telling Us, Neil Irwin (April 2020)
After the Disease, the Debt, The Economist (April 2020)
Argentina’s Make-or-Break Moment, The Economist (April 2020)
What Is the Stock Market Even for Anymore?, Michael Steinberger (May 2020)
The Economy Is Experiencing an Epic Collapse of Demand., Neil Irwin (June 2020)
Finviz S&P 500 visualization
The Market Partied like it was 1932, Jeff Sommer (June 2020)
“Wow. FAMGA market cap = the next 24 largest public cos.” – CB Insights (June 2020)
A Tidal Wave of Bankruptcies is Coming, Mary Williams Walsh (June 2020)
It’s 2022. What Does Life Look Like?, David Leonhardt (July 2020)
The COVID-19 pandemic is forcing a rethink in macroeconomics, The Economist (July 2020)
Return of the Clutch Class, Venkatesh Rao (September 2020)
COVID-19 recession is the most unequal in modern U.S. history, H. Long et al (September 2020)
Europe’s Economic Recovery is a Summer Memory, Peter S. Goodman (October 2020)
The Economy Is Healing. But Not Fast Enough to Prevent Serious Damage., Neil Irwin (November 2020)
Fundraising in Uncertain Times, E. Haynes et al (November 2020)
The economy as we knew it might be over, Fed Chairman says, Anneken Tappe (November 2020)
“THREAD: A couple of weeks ago, the markets were telling us that the spiraling load of coronavirus cases…” – @edwardnh (November 2020)
These Six Powerful Signals Reveal the Future Direction of Financial Markets, Visual Capitalist (November 2020)
Why Markets Boomed in a Year of Human Misery, Neil Irwin and Weiyi Cai (January 2021)

Local governments in crisis

SF’s top money man grapples with dire forecasts…, Heather Knight (May 2020)
New York City faces a financial abyss, Dana Rubinstein (September 2020)
One SF
S.F. City Hall faces another big budget deficit after closing $1.5 billion hole this fall, Trisha Thadani (November 2020)


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