by Bill O’Grady  | PDF

Before the election, there was a sense developing that suggested a major shift in how the US manages the global financial system. This vibe was described as the “Mar-a-Lago Accord,” suggesting the changes were similar in magnitude to historic events such as the Bretton Woods Agreement, Nixon’s closure of the gold window, and the Plaza Accord. In recent weeks, articles and podcasts have emerged which discuss some of the ideas that are percolating. In this report, we lay out the issues facing the US economy, Treasury Secretary Bessent’s plans to address them (at least what we know so far), the likelihood that these plans would be implemented, and the associated potential market ramifications.

Read the full report

Note: The podcast for this report will be delayed until later this week.

Don’t miss our accompanying podcasts, available on our website and most podcast platforms: Apple | Spotify