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looking beyond borders

foreign policy and global economy

Archive for the category “Global Economy”

Can the Stock Market Triple By 2026

The stock market moves in patterns that occasionally repeat themselves for a while and then vanish, a feature common to unpredictable systems. Even if the pattern holds, there is nothing to prevent the market from tanking and then recover to produce a strong 17-year average return by 2026. The 20%-plus Crash of October 1987, for example, happened five years into the tenfold stock rise of 1982-2000. The cycle described above does not say much about where the market may be this year or the next, but those who wonder about the long term may find the idea of being in the initial stages of a long rally quite exhilarating.

Read Here – The European

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The Big Leak

The pervasiveness of clothing made in China in U.S. markets is certainly one of the things that comes to mind when talking about the balance of trade between the two nations. But there is a hidden price tag on all the clothing that is made in China. It’s a considerable sum—and growing—that is skewing the trade relationship and putting its future at risk. That hidden price tag is water.

Read Here – Wilson Quarterly

What Economists Still Need To Learn

More than a decade after the global financial crisis, macroeconomists have failed to absorb three crucial sets of lessons. Their models are still struggling – and mostly failing – to cope with disruptive change, and with the fact that both balance sheets and inequality matter.

Read Here – Project Syndicate

The True Toll Of The Trade War

Behind the escalating global conflict over trade and technology is a larger breakdown of the postwar rules-based order, which was based on a belief that any country’s growth benefits all. Now that China is threatening to compete directly with the United States, support for the system that made that possible has disappeared.

Read Here – Project Syndicate

Don’t Blame Economics, Blame Public Policy

Engineering and medicine have in many respects become separate from their respective underlying sciences of physics and biology. Public-policy schools, which typically have a strong economics focus, must now rethink the way they teach students – and medical schools could offer a model to follow.

Read Here – Project Syndicate

Trump’s Trade War Isn’t Just A US–China Problem

The US and China won’t be the only ones affected in the trade war raging between the two countries. As companies scramble to find ways around the ever-increasing tariffs that the world’s two largest economies impose on each other’s goods, other countries are being drawn into a conflict that might have no winners.

Read Here – Wired

Shock At G7 Summit As Iran’s Zarif Lands In Biarritz

The U.S., French and German leaders are at the G7 Summit in France. Photo/ White House Flickr

Iran’s foreign minister flew into the French resort hosting a G7 summit on Sunday, an unexpected twist to a meeting already troubled by differences between U.S. President Donald Trump and Western allies over a raft of issues, including Iran.

Read Here – Reuters

Also Read:

The G-7 Gathers in Biarritz For A Dysfunctional Family Reunion

The G7 Should Pressure China but Find A Solution With Russia

The Anatomy Of The Coming Recession

Unlike the 2008 global financial crisis, which was mostly a large negative aggregate demand shock, the next recession is likely to be caused by permanent negative supply shocks from the Sino-American trade and technology war. And trying to undo the damage through never-ending monetary and fiscal stimulus will not be an option.

Read Here – Project Syndicate

Brussels Eyes €100B Wealth Fund For ‘European Champions’

EU officials want to set up a €100 billion wealth fund to bolster “European champions” against American and Chinese business rivals like Google, Apple and Alibaba. The proposal for a so-called European Future Fund appears in an unusually radical raft of plans that European Commission officials want to put onto the agenda of their president-elect, Ursula von der Leyen, whose mandate begins on November 1.

Read Here – Politico

Forget The G-7 — The Real Summits Are On The Sidelines

When leaders of the United States, Japan, Germany, France, Great Britain, Italy and Canada meet in the picturesque French seaside town of Biarritz, the official reason for their gathering will be the G-7 summit. But for many of them, the focus will be on bilateral meetings with a bombastic politician boasting a peculiar mop of bright hair — not U.S. President Donald Trump, but British Prime Minister Boris Johnson, who’ll parley with his global counterparts for the first time since taking office last month.

Read Here – Ozy

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