Dan Gay
@dangay.bsky.social
Political economist who advises on and writes about economics and sustainable development, international trade & the least developed countries. Former UN. Scottish. Likes running, cycling & the outdoors. www.emergenteconomics.com | dangay.substack.com
Financial markets are reacting hard to new #Fed governor Warsh's alleged hawkishness. I don't understand. Is Trump a populist authoritarian who'll do whatever he can to force interest rates lower and reduce Fed independence - or not?#FederalReserve, #FOMC, #MonetaryPolicy
www.ft.com/content/e830...
www.ft.com/content/e830...
Gold and silver slump deepens and rattles equities
Declines in precious metals follow record-breaking rally
www.ft.com
February 2, 2026 at 10:25 AM
Financial markets are reacting hard to new #Fed governor Warsh's alleged hawkishness. I don't understand. Is Trump a populist authoritarian who'll do whatever he can to force interest rates lower and reduce Fed independence - or not?#FederalReserve, #FOMC, #MonetaryPolicy
www.ft.com/content/e830...
www.ft.com/content/e830...
"The world many outside the west have long dreamed about – of multipolarity, strategic autonomy, even de-dollarisation – is taking shape..."
I don't agree. India is doing trade deals but it's unique. The rest of the South is worse off under the Trump world order.
www.theguardian.com/commentisfre...
I don't agree. India is doing trade deals but it's unique. The rest of the South is worse off under the Trump world order.
www.theguardian.com/commentisfre...
The post-US world is already taking shape – look at the massive EU-India trade deal | Ravinder Kaur
The ‘mother of all deals’ is as much about the tariff-heavy geopolitics of the Trump era as it is about bilateral trade, says Asian studies professor Ravinder Kaur
www.theguardian.com
January 29, 2026 at 5:14 PM
"The world many outside the west have long dreamed about – of multipolarity, strategic autonomy, even de-dollarisation – is taking shape..."
I don't agree. India is doing trade deals but it's unique. The rest of the South is worse off under the Trump world order.
www.theguardian.com/commentisfre...
I don't agree. India is doing trade deals but it's unique. The rest of the South is worse off under the Trump world order.
www.theguardian.com/commentisfre...
Reposted by Dan Gay
Breaking News: The U.S. trade deficit rose sharply in November, as President Trump’s tariffs generated intense volatility.
U.S. Trade Deficit Bounces Back as Tariffs Cause Volatility
The monthly trade deficit and imports rebounded in November after shrinking significantly in prior months, new data show.
nyti.ms
January 29, 2026 at 1:55 PM
Breaking News: The U.S. trade deficit rose sharply in November, as President Trump’s tariffs generated intense volatility.
The EU-India trade agreement (the sibling of all deals, not the mother) risks choking off Bangladesh's exports to the EU unless active measures are taken to secure better EU market access for Bangladesh.
Insightful article by my friend Mohammad Razzaque.
www.thedailystar.net/business/new...
Insightful article by my friend Mohammad Razzaque.
www.thedailystar.net/business/new...
The EU-India trade deal: What implications for Bangladesh
The deal that changes the competitive landscape
www.thedailystar.net
January 29, 2026 at 7:31 AM
The EU-India trade agreement (the sibling of all deals, not the mother) risks choking off Bangladesh's exports to the EU unless active measures are taken to secure better EU market access for Bangladesh.
Insightful article by my friend Mohammad Razzaque.
www.thedailystar.net/business/new...
Insightful article by my friend Mohammad Razzaque.
www.thedailystar.net/business/new...
War becomes more likely if you lead the escalation.
“The actual force presence in Arctic military sites has gone down as some of the Arctic brigades were deployed to Ukraine and sustained heavy losses”
www.ft.com/content/4130...
“The actual force presence in Arctic military sites has gone down as some of the Arctic brigades were deployed to Ukraine and sustained heavy losses”
www.ft.com/content/4130...
How Nato is preparing for war in the Arctic
Nordic nations hope US fixation on Greenland will spur alliance to catch up with years of Russian military build-up in the region
www.ft.com
January 28, 2026 at 9:44 AM
War becomes more likely if you lead the escalation.
“The actual force presence in Arctic military sites has gone down as some of the Arctic brigades were deployed to Ukraine and sustained heavy losses”
www.ft.com/content/4130...
“The actual force presence in Arctic military sites has gone down as some of the Arctic brigades were deployed to Ukraine and sustained heavy losses”
www.ft.com/content/4130...
This wide-ranging diversification away from the US is a predictable response to the tariffs: India-EU, EU-Mercosur, Canada with a dozen new deals... Starmer in China. Expect the diversification to continue. The US only accounts for 17% of the world's imports. I wonder what it'll be in a decade?
Canadian Prime Minister Mark Carney said he told U.S. President Donald Trump that he meant what he said in his speech at Davos, and told him Canada plans to diversify away from the United States with a dozen new trade deals. https://to.pbs.org/4a1lLbG
Carney says he told Trump 'I meant what I said' in his Davos speech on trade policy
Canadian Prime Minister Mark Carney rolled his eyes and rejected U.S. Treasury Secretary Scott Bessent’s contention to Fox News that he aggressively walked back his comments at the World Economic Foru...
www.pbs.org
January 28, 2026 at 7:41 AM
This wide-ranging diversification away from the US is a predictable response to the tariffs: India-EU, EU-Mercosur, Canada with a dozen new deals... Starmer in China. Expect the diversification to continue. The US only accounts for 17% of the world's imports. I wonder what it'll be in a decade?
"Clothes can shape behavior: suits can make wearers think more abstractly and behave more assertively; medical uniforms can increase the wearer’s empathy; and police uniforms can heighten their threat sensitivity and readiness to use force."
www.politico.com/news/magazin...
www.politico.com/news/magazin...
There’s More to Greg Bovino’s Coat Than You Think
The head of Border Patrol isn’t referencing the Nazis — but he is sending a message.
www.politico.com
January 28, 2026 at 7:26 AM
"Clothes can shape behavior: suits can make wearers think more abstractly and behave more assertively; medical uniforms can increase the wearer’s empathy; and police uniforms can heighten their threat sensitivity and readiness to use force."
www.politico.com/news/magazin...
www.politico.com/news/magazin...
Rats and ships seem positively benign compared with this lot. giftarticle.ft.com/giftarticle/...
Watch, as voters turn away from Reform in the realisation that they're merely turbo-Tories.
Watch, as voters turn away from Reform in the realisation that they're merely turbo-Tories.
Suella Braverman becomes latest Tory MP to defect to Reform UK
Former home secretary says Conservatives ‘utterly failed to do the right thing for the British people’
giftarticle.ft.com
January 27, 2026 at 7:27 AM
Rats and ships seem positively benign compared with this lot. giftarticle.ft.com/giftarticle/...
Watch, as voters turn away from Reform in the realisation that they're merely turbo-Tories.
Watch, as voters turn away from Reform in the realisation that they're merely turbo-Tories.
A week after the Trump climbdown over Greenland, it's worth underlining that the age-old forces of militarism and markets run international relations, not statecraft or sense.
January 27, 2026 at 7:02 AM
A week after the Trump climbdown over Greenland, it's worth underlining that the age-old forces of militarism and markets run international relations, not statecraft or sense.
Another response to Trump's isolationism.
EU and Mercosur bloc sign trade deal after decades of talks - giftarticle.ft.com/giftarticle/...
EU and Mercosur bloc sign trade deal after decades of talks - giftarticle.ft.com/giftarticle/...
EU and Mercosur bloc sign trade deal after decades of talks
The agreement will create one of the largest free trade zones in the world but must be ratified by member states
giftarticle.ft.com
January 17, 2026 at 9:03 PM
Another response to Trump's isolationism.
EU and Mercosur bloc sign trade deal after decades of talks - giftarticle.ft.com/giftarticle/...
EU and Mercosur bloc sign trade deal after decades of talks - giftarticle.ft.com/giftarticle/...
Finally some backbone from European leaders. Has Trump provoked a rare outbreak of European unity- the one thing he and Putin don't want?
www.bbc.com/news/live/c1...
www.bbc.com/news/live/c1...
Starmer brands Trump's plan to apply tariffs over Greenland 'completely wrong' - follow live
The US president says the UK, Denmark and other European countries will be charged a
www.bbc.com
January 17, 2026 at 7:40 PM
Finally some backbone from European leaders. Has Trump provoked a rare outbreak of European unity- the one thing he and Putin don't want?
www.bbc.com/news/live/c1...
www.bbc.com/news/live/c1...
Never mind politics affecting trade, for Trump, tariffs *are* politics.
Donald Trump threatens tariffs on allies over opposition to Greenland plan - giftarticle.ft.com/giftarticle/...
Donald Trump threatens tariffs on allies over opposition to Greenland plan - giftarticle.ft.com/giftarticle/...
Donald Trump threatens tariffs on allies over opposition to Greenland plan
US president redoubles demands for Danish territory two days after Washington agreed to be part of high-level working group
giftarticle.ft.com
January 16, 2026 at 7:36 PM
Never mind politics affecting trade, for Trump, tariffs *are* politics.
Donald Trump threatens tariffs on allies over opposition to Greenland plan - giftarticle.ft.com/giftarticle/...
Donald Trump threatens tariffs on allies over opposition to Greenland plan - giftarticle.ft.com/giftarticle/...
Never mind politics having consequences for trade, for Trump, tariffs *are* politics.
Donald Trump threatens tariffs on allies over opposition to Greenland plan - giftarticle.ft.com/giftarticle/...
Donald Trump threatens tariffs on allies over opposition to Greenland plan - giftarticle.ft.com/giftarticle/...
Donald Trump threatens tariffs on allies over opposition to Greenland plan
US president redoubles demands for Danish territory two days after Washington agreed to be part of high-level working group
giftarticle.ft.com
January 16, 2026 at 6:45 PM
Never mind politics having consequences for trade, for Trump, tariffs *are* politics.
Donald Trump threatens tariffs on allies over opposition to Greenland plan - giftarticle.ft.com/giftarticle/...
Donald Trump threatens tariffs on allies over opposition to Greenland plan - giftarticle.ft.com/giftarticle/...
Good blog on WTO reform by Stuart Harbinson: ecipe.org/blog/wto-ref...
WTO Reform – Be Careful What You Wish For?
On 15 December 2025 the United States submitted a paper “On WTO Reform” to the World Trade Organization’s General Council.This looks like an important moment for the future of the Organization,
ecipe.org
January 12, 2026 at 5:36 PM
Good blog on WTO reform by Stuart Harbinson: ecipe.org/blog/wto-ref...
JOMO - the Joy Of Missing Out - is now a thing. And here's me thinking it was a Malaysian development economist. www.bbc.co.uk/news/article...
en.wikipedia.org/wiki/Jomo_Kw...
en.wikipedia.org/wiki/Jomo_Kw...
Wellbeing in 2026: Recovery, JOMO and brain boosters
Wellness is a multi-trillion pound industry which continues to grow - and this year is less about maxing out, more about recovering well.
www.bbc.co.uk
January 3, 2026 at 3:35 PM
JOMO - the Joy Of Missing Out - is now a thing. And here's me thinking it was a Malaysian development economist. www.bbc.co.uk/news/article...
en.wikipedia.org/wiki/Jomo_Kw...
en.wikipedia.org/wiki/Jomo_Kw...
As predicted "Demand from other economies has been more than sufficient to offset the US slump."
www.chathamhouse.org/2025/12/chin...
"Global South destinations, including Southeast Asian nations and Africa, were again bright spots for Chinese exports." ASEAN is China’s biggest trade partner.
www.chathamhouse.org/2025/12/chin...
"Global South destinations, including Southeast Asian nations and Africa, were again bright spots for Chinese exports." ASEAN is China’s biggest trade partner.
China’s record $1 trillion-plus trade surplus shows the renminbi should be allowed to appreciate
China’s surging high-tech competitiveness, weak appetite for imports and undervalued renminbi have fuelled the huge surplus – but the trend is unsustainable.
www.chathamhouse.org
January 3, 2026 at 1:24 PM
As predicted "Demand from other economies has been more than sufficient to offset the US slump."
www.chathamhouse.org/2025/12/chin...
"Global South destinations, including Southeast Asian nations and Africa, were again bright spots for Chinese exports." ASEAN is China’s biggest trade partner.
www.chathamhouse.org/2025/12/chin...
"Global South destinations, including Southeast Asian nations and Africa, were again bright spots for Chinese exports." ASEAN is China’s biggest trade partner.
December 31, 2025 at 11:45 AM
Reposted by Dan Gay
Savvy countries will discover there’s a way to mitigate the harm incurred by Trump’s tariffs—and it’ll boost their own economies while making goods cheaper too. www.wired.com/story/us-tra...
US Trade Dominance Will Soon Begin to Crack
Savvy countries will discover there’s a way to mitigate the harm incurred by Trump’s tariffs—and it’ll boost their own economies while making goods cheaper too.
www.wired.com
December 26, 2025 at 11:35 AM
Savvy countries will discover there’s a way to mitigate the harm incurred by Trump’s tariffs—and it’ll boost their own economies while making goods cheaper too. www.wired.com/story/us-tra...
Reposted by Dan Gay
Delighted to hear that The Invisible Doctrine, the film by @peterhutchison.bsky.social and @lucas-sabean.bsky.social, is being offered free to view on YouTube for the holiday season. It's all yours! youtu.be/gR4eSEetKP0
The secret history of Neoliberalism | The Invisible Doctrine | Full Film
YouTube video by Journeyman Pictures
youtu.be
December 22, 2025 at 7:57 AM
Delighted to hear that The Invisible Doctrine, the film by @peterhutchison.bsky.social and @lucas-sabean.bsky.social, is being offered free to view on YouTube for the holiday season. It's all yours! youtu.be/gR4eSEetKP0
Horrendous. I visited the camp near Cox's Bazaar in 2018 and conditions seemed barely liveable then, never mind now, with funding cut in half.
It also makes me cringe when so-called leftists celebrate the demise of USAID, saying its closure is uniformly better for the global South. Clearly not.
It also makes me cringe when so-called leftists celebrate the demise of USAID, saying its closure is uniformly better for the global South. Clearly not.
Takeaways from the AP's report on the impact of aid cuts on Rohingya children in Bangladesh
Takeaways from the AP's report on the impact of aid cuts on Rohingya children in Bangladesh
Takeaways from the AP's report on the impact of aid cuts on Rohingya children in Bangladesh
www.independent.co.uk
December 17, 2025 at 7:36 AM
Horrendous. I visited the camp near Cox's Bazaar in 2018 and conditions seemed barely liveable then, never mind now, with funding cut in half.
It also makes me cringe when so-called leftists celebrate the demise of USAID, saying its closure is uniformly better for the global South. Clearly not.
It also makes me cringe when so-called leftists celebrate the demise of USAID, saying its closure is uniformly better for the global South. Clearly not.
On the importance of legal text in trade agreements. www.theguardian.com/us-news/2025...
December 15, 2025 at 8:43 PM
On the importance of legal text in trade agreements. www.theguardian.com/us-news/2025...
Anyone who suggests that globalisation is over needs to look at the data again. Maybe this is an unoriginal point, but two major crises do not signal the end of the international economy.
Services trade is booming. Trade is more and more about tourism, business travel, and digital services.
Services trade is booming. Trade is more and more about tourism, business travel, and digital services.
December 15, 2025 at 8:36 AM
Anyone who suggests that globalisation is over needs to look at the data again. Maybe this is an unoriginal point, but two major crises do not signal the end of the international economy.
Services trade is booming. Trade is more and more about tourism, business travel, and digital services.
Services trade is booming. Trade is more and more about tourism, business travel, and digital services.
Another nail in Europe's coffin over the long run. China won't buy its exports because it'll make everything at home. on.ft.com/4p9iJbY
China is making trade impossible
Europe has nothing to offer and difficult decisions to make
on.ft.com
November 26, 2025 at 12:20 PM
Another nail in Europe's coffin over the long run. China won't buy its exports because it'll make everything at home. on.ft.com/4p9iJbY
Books are even better.
Relying on ChatGPT to teach you about a topic leaves you with shallower knowledge than Googling and reading about it, according to new research that compared what more than 10,000 people knew after using one method or the other.
Shared by @gizmodo.com: buff.ly/yAAHtHq
Shared by @gizmodo.com: buff.ly/yAAHtHq
November 26, 2025 at 11:34 AM
Books are even better.