We now have the first post-neoliberal administration in power in Washington. The Biden administration has explicitly disavowed all aspects of neoliberalism, including the assumptions about free trade and the alleged efficiency of outsourcing, the lack of support for trade unions, and the bipartisan contempt for industrial policy … Biden managed to get through Congress the most expansive technology and industrial policies since World War II.2
Most Asian stocks fell on
Tuesday, while the U.S. dollar and oil steadied, as investors
held safe ranges awaiting more clues on whether central banks
will continue their aggressive interest rate.
Asian stocks rose on
Tuesday afternoon after Australia s central bank held interest
rates steady, which helped ease investor worries about
over-tightening of policies by central banks. .
Global stocks held
steady on Tuesday, as investors balanced the inflationary force
of rising oil prices with hopes that central banks would not
over-tighten monetary policy into a potential.