(The opinions expressed here are those of the authors.)
By Anna Szymanski
Aug 7 (Reuters) - Looking for inspiration? Every Friday,
Weekend Reads rounds up what the Reuters Open Interest team has
been reading, watching and listening to.
This week's picks explore America's reliance on Chinese goods,
U.S. economic overheating, geothermal power, green steel and
risks emanating from the bond market.
This weekend, we're reading...
MIKE DOLAN, ROI Finance & Markets Columnist: Mary Lovely and
Christine Wan of Washington's Peterson Institute examine how
U.S. policymakers have made little progress in reducing
America's dependence on Chinese-made goods and services, despite
years of trying. Although direct trade fell sharply in the seven
years through 2024, combined direct and indirect trade -
including goods made elsewhere with Chinese components -
declined by just 2 percentage points, raising the question of
whether the latest round of tariffs will have a similarly
limited impact.
CLYDE RUSSELL, ROI Asia Commodities and Energy Columnist: This
insightful piece from nonprofit news organisation Dialogue Earth
asks whether the Iran war has set back the shift toward green
steel. Without giving away the conclusion, it appears that the
conflict may be a short-term negative but potentially a
longer-term positive.
JAMIE MCGEEVER, ROI Markets Columnist: If elevated U.S.
inflation returns to target without tighter monetary or fiscal
policy, it would be a minor miracle. Why? Because the U.S.
economy is overstimulated and at risk of overheating. This might
seem puzzling in light of slowing real GDP, chaotic politics and
global conflict, but my ROI colleague Mike Dolan explains why in
this compelling column.
GAVIN MAGUIRE, ROI Global Energy Transition Columnist: This
report from the Energy Transitions Commissionargues that
geothermal power could solve multiple energy challenges
worldwide, thanks to recent breakthroughs in drilling
techniques, alongside successful pilot projects in
non-traditional locations.
We're listening to...
RON BOUSSO, ROI Energy Columnist: This podcast from the Oxford
Institute for Energy Studies examines the long-term impact of
the Iran war on the energy sector and the global economy.
And we're watching...
JAMIE MCGEEVER, ROI Markets Columnist: The last few weeks have
been seismic for world markets. We've seen the highest U.S. bond
yields since 2007, historic U.S. intervention to support the
Japanese yen, a rout in South Korea's AI-heavy stock market, and
Wall Street grinding to new highs. These might seem like
isolated events, but they're very much interconnected. Investor
and financial writer Jesse Felder explains why and explores the
risks of wider market turmoil in the latest episode of the
Wealthion investing podcast, "Could Treasury Yields Break the AI
Boom?"
Opinions expressed are those of the authors. They do not reflect
the views of Reuters News, which, under the Trust Principles, is
committed to integrity, independence, and freedom from bias.
(By Anna Szymanski
Editing by Marguerita Choy)