Following US President-elect Joe Biden’s victory and recent carbon-neutrality pledges from China, Japan, the European Union, and others,
How to Make Climate Pledges Stick
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Bull or Bear in 2021?
Though the COVID-19 pandemic continues to disrupt social and economic life around the world, it has yet to take the wind out of equity markets’
Do Deficits Matter?
Government debt levels have soared, yet borrowing costs have never been lower. Do deficits matter anymore?
How and Why Social Media Should be Regulated
Regulating social media requires nuance and cannot be done in piecemeal fashion, or the unintended consequences will be worse than the problem.
Humanity’s Greatest Technological Leap
Humanity is approaching mastery of nuclear fusion, our greatest technological leap since we discovered fire.
Brexit Games
As the final weeks of 2020 wind down, investors should prepare themselves for the United Kingdom crashing out of the European Union in a hard
The Debt Dogs that Didn’t Bark
If global growth resumes in 2021, aided by the rollout of vaccines and the Fed’s continued commitment to ultra-low interest rates, some
A Post-War Playbook for a Post-COVID Recovery
The pandemic’s impact on major economies has so far been four times worse than that of the 2008 global financial crisis, while entire sections
Cheek to Cheek
As hospitals surge to capacity under the pandemic’s strain, here is one young doctor’s story of what it’s like.
Are Free Markets Still Free?
Competition is critical to an economy’s vitality. Without it, free markets cease to be free. Is this now happening?
The Financial Sector’s Gain Must Not Be Biodiversity’s Loss
When it comes to biodiversity and natural capital more broadly, most investors still behave as if these assets were unlimited and the services
Eight Reasons to Worry About Inflation
It is time for investors to consider the possibility of rising inflation, which is now more probable than at any time in the past two decades.
Why We Need an Unwavering Commitment to QE
It is premature and unwise to scale back policy support in the United States. What is at risk is not only financial market stability, but
Remembering Jim Wolfensohn
Numerous newspapers have published obituaries of Jim Wolfensohn, largely focusing on his time as President of the World Bank. He was my mentor,
Renewable Energy Now
Renewables have come a long way. Yet the best is still to come. Markets recognize the potential, as well as the destruction that creativity
Pandemic, Insolvency and Inflation?
A pandemic, a solvency crisis and inflation may seem a strange combination. But 2020 has been a strange year in more ways than one – 2021
Market Outlook 2021 – The Great Rotation
One year ago, if we were told the following twelve months would witness the worst global pandemic since 1918, precipitating the greatest global
Goodbye 2020, Hello 2021
At the end of this most calamitous year, it is possible to envision a brighter 2021. Here are the forces and events likely to shape the days
Racism, Business and My Journey
Racism is a cancer within our species and our society, one that too often we choose not to tackle. From my own journey, I know that the first
The Biden Agenda for US-China Relations
Mutual interest, and survival, rests upon two strategic adversaries understanding one another and acknowledging that their differences are
Higher Education in Post-Covid America
Higher education, long in denial about the need to fundamentally change, must now embrace its moment to cross the Rubicon.
The US Economy Needs a Booster Shot
Heading into the holiday season, the United States is confronting a spike in COVID-19 infections and renewed restrictions on commerce. Unless
Making Sense of Sky-High Stock Prices
Many have been puzzled that the world’s stock markets haven’t collapsed in the face of the COVID-19 pandemic and the economic downturn
A Tale of Two Economies
As financial markets celebrate the coming vaccine-led boom, the confluence of epidemiological and political aftershocks has pushed us back