Today we say farewell to Jackson Hole Economics. Thank you for five years of your attention. Most of all, thank you for caring.
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Weekly Market Compass
America’s Retirement
President Trump is leading America into a self-imposed ‘retirement.’ This is a historic mistake — the world and its challenges cannot
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
Could He Do It?
The financial markets are near all-time highs, yet the ingredients for an epochal financial crisis appear to be building.
Will Bond Market Vigilantes Be A “Guardrail”?
President-elect Trump likes a fight, but he has never faced the bond market vigilantes; will rising interest rates and their potential negative
Alien Life and Humanity’s Future
Humanity is in a perilous phase, and the existential challenges we now face may hold the answer to the age-old question of whether there is
Musk Ox
A herd of musk oxen are abandoned by their dominant male. How will they defend themselves? An allegory.
Markets Vastly Underestimate Trump Risk
A Trump presidency poses significant investment risk which is nowhere to be seen in prevailing asset prices or in consensus market commentary.
Climate Change and Collective Will
Climate change is forcing the understanding that free market, libertarian ideals of human self-interest are incapable of addressing the life
Hurricanes and the US Presidency
Two years ago, Asheville NC was viewed as a climate haven. Two weeks ago it was almost washed away from Hurricane Helene. No one seeking the
Are Consumers Being Ripped Off?
Many Americans are frustrated with an economy that by most measures is actually doing pretty well — the explanation may lie in rising
Resetting US-China Economic Relations
International economic cooperation is vastly underestimated and occasionally necessary. The US and China need to find ways to cooperate.
The Fed: Set to Fail Conventionally?
The Fed has achieved its dual mandate of price stability and maximum employment. So why will it ease gradually and not all at once?
‘Whac-a-Mole’ Economics
Ever since the global financial crisis, politicians have jettisoned economic theory for reflexive solutions to economic challenges. Neither
The Fed’s Awkward Dismount
Fed Chairman Powell was poised to be hailed as the central bank gold medalist who stuck the soft landing. Has this changed?
Building Up, Breaking Down
Driving 30,000 miles around the United States is a good way to be reminded of some of life’s most important lessons.
The Coming US Tax Battles
The controversial 2017 Tax Cuts and Jobs Act will expire next year, spurring heated fiscal debate.