Is There a Correlation Between Germany and Spain?

Jon Sindreu is a reporter for the Wall Street Journal where he covers financial markets and the global transportation industry for the Heard on the Street column. Jon joins David on Macro Musings to discuss the role of global financial flows in driving global trade patterns. Specifically, Jon and David discuss the Bernanke view, loanable funds view, and money view of global financial system, as well as the implications for policy.

Transcript for the episode can be found here.

Jon’s Twitter: @jonsindreu

Jon’s Wall Street Journal profile: https://www.wsj.com/news/author/jon-sindreu?mod=rsswn

Related Links:

*Trade Wars Are Class Wars* by Matthew Klein and Michael Pettis

https://yalebooks.yale.edu/book/9780300244175/trade-wars-are-class-wars

*Wages of Destruction* by Adam Tooze

https://www.penguinrandomhouse.com/books/295490/the-wages-of-destruction-by-adam-tooze/

*Capital Flows, Asset Prices, and the Real Economy: A "China Shock" in the U.S. Real Estate Market* by Zhimin Li, Leslie Sheng Shen, and Calvin Zhang

https://www.federalreserve.gov/econres/ifdp/capital-flows-asset-prices-and-the-real-economy-a-china-shock-in-the-us-real-estate-market.htm

David’s Twitter: @DavidBeckworth

David’s blog: http://macromarketmusings.blogspot.com/