Covid-19 did not derail the global economy, but the hard part could well be just the beginning.
Emerging Debt: Time to Restructure
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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
The Economic Consequences of the Peace
Euphoria can blind us to what follows. Keynes presciently made that point a century ago. His insight is worthy of consideration today as bullish
The Cruelest Month?
September is the worst month for equities. And after a powerful bull market, investors might understandably be concerned. But this September
The Stagflation Threat Is Real
There is a growing consensus that the US economy’s inflationary pressures and growth challenges are attributable largely to temporary supply
Mind the Mind Gap
Technological innovation alone does not boost productivity. Only when technology is widely adopted does it lift living standards. That’s
Unambiguous Ambiguity
Chairman Powell pulled off an impressive feat on Friday. He signaled the Fed’s willingness to taper without unleashing a tantrum. The secret:
The US and China Are Not Destined for War
As more commentators warn of a coming military conflict between the United States and China, it is easy to believe that war is inevitable.
Biden’s Cruel Summer
Might Afghanistan derail President Biden’s domestic policy agenda? Foreign policy setbacks sometimes do—and sometimes don’t. Much depends
COVID and the Conservative Economic Crack-up
Free-market advocates have been unable to stem the erosion of intellectual and public confidence in their arguments. Two prominent economists,
Fly Fishing for the Fed
The Fed faces difficult decisions. The incoming data suggest tapering is imminent. But risks are also on the rise.
Guns and Taxes
In America, guns and taxes are unavoidable. If we are to address the true cost of guns, it is time to tax them.
Why Nation-Building Failed in Afghanistan
The US never built back Afghanistan better. The exit was doomed from the beginning.