The droughts, floods, and severe weather that come with climate change will leave the world’s poorest and most vulnerable even worse
Climate Safety Nets for All
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An Inspiring Reminder of What Awaits
Our species was designed to be wanderers, but the pandemic has made us sedentary. As vaccinations accelerate and people slowly start to travel
Taking Stock of America
Today, as the Biden Administration unleashes the full power of the Federal Government to heal the economy, it is an opportune time to take
All Eyes on Digital Payments
Digital payment is a promising technology that can facilitate more flexible transactions with added security. But existing platforms embed
China’s Go-It-Alone Five-Year Plan
Autarky and authoritarianism rarely accompany economic dynamism. China’s latest fie year plan, which emphasizes both, could be a road to
Siren Songs
The Ever Green fiasco is the perfect metaphor for what can go wrong in today’s economy. Efficienct supply chains lack adequate redundancy.
The Shape of Global Recovery
The accelerating rollout of COVID-19 vaccines in many advanced economies has set the stage for rapid recovery in the second half of this year
Resolving the Iran Conundrum
US Secretary of State Antony Blinken believes that Iran is only months away from being able to produce enough fissile material to build a
Market Forecasts vs. Fed Rhetoric
The Fed and the markets are playing risky games. Can each hold its nerve?
In Bitcoin We Trust?
Sound money requires utility and trust. That’s why digital currencies are more likely to succeed than Bitcoin.
Reflation, Rotation and Rebalancing
Reflation and Rotation are all the rage. But over time, re-balancing matters more.
Who Needs a Digital Dollar?
Recently, the idea of a digital greenback elicited support from US Treasury Secretary Janet Yellen and Federal Reserve Chair Jay Powell. Ultimately,
Central Bank Credibility
By tolerating an inflation overshoot, the Fed may be boxing itself in. Fine tuning is the stuff of hubris, and hubris rarely serves anyone
The US Military and the Capitol Mob
The disproportionate share of insurrectionists at the US Capitol with a military background are not representative of the armed forces as
The ESG Trap
This rapid embrace of sustainability and social purpose is understandable, and mostly welcome. However, there are dangers in the uncritical
Keep an Eye on What Really Matters
Investors have been unnerved by rising bond yields. But volatility is not the enemy. Keep an eye on what really matters — economic re-opening
Central Banking’s Brave New World
Leading central banks are now keen to take on responsibility for policy objectives they previously shied away from, such as reducing inequality
GameStop’s Lesson: Stop Mechanising the Investment Game
The GameStop saga is another symptom of serious maladies affecting our economic mind-body.
Scary Monsters
David Bowie’s ‘Let’s Dance’ may be catchier than ‘Scary Monsters’, but investors would be well advised to watch out for what lurks
Vaccine Solidarity Now
The G7 has an opportunity to demonstrate global leadership in the COVID-19 pandemic by making the success of the international COVAX vaccine-access
Schrödinger’s Bitcoin
Notwithstanding the recent spectacular surge in its price, Bitcoin will remain an asset without intrinsic value whose market value can be
A CEO’s Pandemic Lessons
The pandemic forced me to change my business model completely. In doing so, it challenged my long-held view that free trade, globalism and
How Deep Should Investors Swim?
Swimming against a tide pushed forward by massive policy stimulus seems likely to leave contrarian investors with little to show for their
A Presidential Prescription for De-Polarization
To unify the country, President Biden must offer a common message of shared struggle and sacrifice. Migration, by choice or coercion, is that