Markets are enjoying a treat of strong profits growth. Beware the trick of supply chain disruptions that are boosting costs, impeding output
Trick or Treat
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A New Global Economic Consensus
Now that the COVID-19 pandemic has highlighted the deficiencies of economic deregulation and market liberalization, a new policymaking paradigm
The Bitcoin Fountainhead
Bitcoin is a libertarian gimmick. Much needed restoration of faith in public finance and fiat money remains the best way to achieve financial
The Hinge of History
Is there intelligent life elsewhere in the universe? Perhaps. But as a species, we must do our utmost to ensure our survival. Ridding poverty
How Patient Are Investors?
As the third quarter earnings season kicks off, all eyes will be on cost pressures. Margin compression is a concern, but the biggest questions
Dancing with the Debt Ceiling
Even in 2013, a year of partisan rancor, Democrats and Republicans agreed to suspend the US federal government’s debt ceiling just a week
China’s Risky Business Crackdown
Chinese President Xi Jinping’s effort to control China’s private sector is agreeable in its stated intentions, but questionable in its
Filtering Out the Noise
Markets have become more volatile. That’s unsurprising, given high valuations, moderating growth and peak earnings. But volatility is also
Supporting Afghan Refugees Over the Long Term
The bi-partisan support in the United States for welcoming Afghan refugees is heartening. But how long will it last?
Germany’s New Beginning
German voters have voted for a fresh start to confront the challenges of the twenty-first century.
Preventing an Evergrande Confidence Crisis in China
A looming default by the Chinese property developer Evergrande has sent shock waves through global capital markets. The Chinese government
Emerging Debt: Time to Restructure
Covid-19 did not derail the global economy, but the hard part could well be just the beginning.
Evergrande, Not So Grand?
Evergrande is not China’s Lehman and a western style debt crisis will not be allowed to play out in China. Still, investors should prepare
The Right War for the US and China
Either everyone wins the fight against climate change, or no one does. So, while the world’s great powers – especially the United States
Taming the Stagflationary Winds
Rising inflation and declining growth are more likely to be a part of the global economy’s upcoming journey than features of its destination.
Norway’s Sovereign Duty
Having built its wealth by pumping hydrocarbons out of the seabed, Norway has an obligation to leverage the power of its massive sovereign
What Does it all Mean?
Unusual disruptions to labor markets, supply chains and production have slowed growth and boosted inflation, but those factors appear unlikely
Soft Solutions to Hard Problems
Overcoming Islamic extremism will continue to test the West. But it can be done. The remedy requires equal parts hard and soft power.
Will the BRICS Ever Grow Up?
Finding viable solutions for managing the fossil-fuel industry’s decline is now more critical than ever. A Fossil Fuel Non-Proliferation
The Case for a Fossil Fuel Non-Proliferation Treaty
Finding viable solutions for managing the fossil-fuel industry’s decline is now more critical than ever. A Fossil Fuel Non-Proliferation
Old Bulls
Easy monetary policies and the absence of compelling alternatives have pushed investors into one of the great equity market advances in history.
Post-Pandemic Productivity
More than anything, the world needs faster productivity growth. It might just be happening.
Tailor-Made Economic Remedies
Rich countries can experiment with unorthodox policies. The latitude for developing countries is much smaller. Copycat economic policies could
Breaking Bad Bond Buying
It is understandable why a central bank would print money to purchase assets at the height of a financial crisis. But continuing such policies