Policy Tensor

Anusar Farooqui
Original research and essays. You should sign up for the paid subscription to support the work that it enables.
Created 19 Jan 2021
  • The Term-Structure of Inflation Expectations
    09 Jan 2022 • 4 min read • 2 1
    Some interesting pushback from folks on econ twitter. People seem convinced that the current bout of inflation is broad-based. That result can hardly be argued with: But people seem to be less convinc...
  • How Broad-Based is Inflation?
    05 Jan 2022 • 5 min read • 4 4
    Adam Tooze is ‘not convinced that the current round of price increases should really be thought of as a general inflation at all.’ This seems to be a common perception in certain corners of the cognos...
  • Superstar Stocks
    21 Dec 2021 • 3 min read • 3 4
    ‘Only ten stocks really matter’, declared Robert Armstrong in a recent FT Unhedged newsletter. He showed that the returns on the 10 largest stocks have handily beaten the S&P 500 index over the past t...
  • The Logic of Erdogan's Wager
    05 Dec 2021 • 5 min read • 7 10
    The so-called Obama doctrine is a useful rule of thumb for historical actors, who, as it were, ‘don’t do stupid shit’. By that I mean that if you think that historical actors are doing something utter...
  • Why the Fed Will Hike Sooner Than You Think
    25 Nov 2021 • 5 min read • 4 2
    So, Powell’s back in the cockpit. Pity that a man always gets to take credit for a woman’s accomplishments. It was, after all, Lael Brainard who led the intellectual revolution at the Fed, ushering in...
  • Are US Investors Underweight China?
    26 Sep 2021 • 3 min read • 4 1
    Ray Dalio has been going around selling his long-winded story about China’s irresistible rise to anyone who would care to listen. As long-cycle theories go, his take is not entirely unpersuasive. His ...
  • Central Banking in the Planetary Impasse
    06 Sep 2021 • 10 min read • 10 9
    Politicians across the West relinquished their stewardship of the societal interest increasingly after the neoliberal counterrevolution. In his characteristically scathing style, Michael Lind noted in...
  • ESG and Carbon Pricing La La Lands
    28 Aug 2021 • 14 min read • 9 10
    In the Anthropocene, catastrophes—including the meta-catastrophe of runaway global heating—are man-made. Specifically, they are caused by an incongruence between elite discourse and ground realities. ...
  • A Note on US Military Policy
    15 Aug 2021 • 5 min read • 8 17
    The Biden administration has determined that maintaining the dependent regime in Afghanistan is not a vital US interest. Kabul should fall any day now. The United States, China, India and Russia are t...
  • Who has the highest survival probability? Biden, Xi, Putin or Modi?
    30 Jul 2021 • 2 min read • 4 1
    In today’s FT Swamp Notes, Edward Luce raises the question of the potential fate of the world’s most powerful leaders. Comparing Biden, Putin and Xi, he reckons that Biden has a less secure grip on po...
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