President Trump is leading America into a self-imposed ‘retirement.’ This is a historic mistake — the world and its challenges cannot
America’s Retirement
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Weekly Market Compass
When Trust is Lost
Trump has lost the trust of America and the world. Trust will not be easily regained.
Germany: Myths and Realities
To address its future, Germany must confront its past. Familiar postwar myths, their lessons and taboos must be revisited.
How a German Acronym Could Save American Democracy
On this President’s Day, Americans would be wise to consider a critical insight from German history — democracy contains within itself
The Time for Interest-Bearing Central Bank Digital Currency is Now
By adopting CBDC and eliminating cash as we know it, central banks can arm themselves with a powerful tool to boost demand.
As We Welcome Trump 2.0
Every four years, on January 20 America celebrates the will of the people to elect its president and, frequently, to peacefully transfer power.
Maganomics: When Rhetoric Becomes Reality
President-Elect Trump promises tax cuts and deregulation that will boost trend US GDP growth. But it is very possible that demand outstrips
Global Economic Perspectives 2025
The world economy in 2025 superficially resembles that of 2024. But, beneath a tranquil economic surface, important changes are taking place.
Hope, Dreams and Good Works in 2025
As we welcome 2025 amid a daunting array of challenges, it is important to pause and marvel at the many positive trends that mark our world
Artificial Intelligence and Art: Friend or Foe?
“Artificial intelligence is encroaching on the world of art in ways good and bad. Used properly, however, it can improve the workings
ESG: Emerging Clarity
There are dozens of different carbon emissions standards being explored by regulators, yet last week the ISSB took a critical step forward
Artificial Intelligence, Economics and the End of Business
Humans are not destined to be slaves to either technological innovation or economics.
Our Summer (But not Necessarily Beach) Reading List
Are you looking for different kind of beach reading this summer? If so, you might enjoy these thoughtful perspectives.
De-Leveraging: The Secret to US Economic Resilience?
The US economy has confounded economists and markets by avoiding recession. Perhaps it is less interest rate sensitive than commonly believed.
Don’t Let the Lessons of Juneteenth Fade
Juneteenth must not be forgotten, for the work of justice and equity is ongoing.
Fly-Casting for Recession
Fly fishing, like economic forecasting, is nothing if not an exercise in patience. Wait long enough, and fortunes may change.
The ESG Debate Will be Solved by Data
ESG will become less political when stakeholders have confidence in the data that a company collects, and context for how to interpret the
Don’t Look Up
In the movie, “Don’t Look Up,” scientists played by Jennifer Lawrence and Leonardo DiCaprio try to warn the US government to take action
The Beauty of Complexity
In looking for simple answers—or worse, easy villains to blame for what goes wrong—we all too often suppress the realities of complexity.
Why Interest Rates Will Come Down
Although the ‘recency bias’ tempts our minds to assume today’s high interest rates are here to stay, the fundamentals of economics suggest
Trump’s Indictment is Just the Beginning
The New York indictment will unleash forces in American politics whose direction and implications are difficult to comprehend.
A Tale of Two Banks
Is the Fed is losing control over the money supply and inflation in its efforts to combat the banking crisis?
Is Banking too Important to Be Left to Bankers?
The Silicon Valley Bank debacle has many lessons, starting with the conclusion that banking may simply be too important to be left to the
Time For a Different Drink?
While it is tempting to assume the market is driven only by the direction of the Federal Reserve, what is happening in China should also be