At the end of March, San Francisco’s Federal Reserve board issued an “economics letter” which argued that “in the coming decades, climate...
Oops. When US president Donald Trump swept to power two years ago, he announced that there was no reason why his administration could not deliver as...
In normal circumstances, Christmas is supposed to be a blissfully boring time for the Federal Reserve — and those analysts paid to watch it.
As a science-fiction-obsessed teenager in the 1980s, “outer space” conjured up images for me of astronauts, rockets, aliens and the novels of...
Sometimes statistics don’t behave as predicted. Take the thorny issue of US-China trade and Donald Trump.
Last month, as the US midterm elections approached, Deutsche Bank analysts released a calculation that should have made American voters wince. It...
When Jay Powell, US Federal Reserve chairman, gave a news conference this week, investors were on red alert about what he might say about the...
There is never a great moment to experience an emerging markets crunch. Right now, however, the timing of the debacles in Argentina and Turkey is...
Do markets look a little weird right now? That is a question many investors might be asking. In recent weeks geopolitical tensions have intensified,...
A year ago, Argentina was the darling of global investors. So much so that, when it issued a pioneering 100-year bond with a yield of just 7.9 per...
When Donald Trump travelled to the World Economic Forum at Davos two months ago, the global business leaders who met him there seemed relieved by...
American markets are spinning on a carousel. As fourth-quarter corporate earnings tumble out this week, analysts are digesting every digit, leaving...
The $160bn Bridgewater hedge fund produced a chart last year about modern politics that was alarming for at least two reasons. First, the number...
The mysteries of bitcoin are turning heads yet again this week. At the start of the year, the digital token was worth $1,000; on Thursday, it...
When Donald Trump arrived in the White House earlier this year, he loved to toss the “i” word around: infrastructure. Little wonder. Mr...
If somebody had suggested a year ago that Gary Cohn, former Goldman Sachs president, might be the next Federal Reserve chair, his colleagues would...
Another week, another wave of sabre-rattling from the Trump administration over trade. Two months ago, it was softwood lumber that grabbed the...
How do you say “credit impulse” in Spanish? Investors might find it sensible to ask this question now. This week, Argentina startled the...
When the US Federal Reserve suggested four years ago that it might start tightening monetary policy, the mere idea sent the markets into a tailspin...
Until last month, Paul Romer, chief economist at the World Bank, was best known for his brilliant research in the field known as “endogenous...
