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looking beyond borders

foreign policy and global economy

Archive for the tag “Bankers”

Trump Must Tread Carefully With His Asian Bankers

As Donald Trump angles to make America’s debt burden great again, he has some finessing to do with his bankers. No, not Russia in this case, but China and Japan, both by far the biggest holders of U.S. Treasuries with a combined $2.3 trillion. South Korea’s $95 billion stockpile also has folks in Seoul curious about President Trump adding at least $1.5 trillion of debt for giant tax cuts America doesn’t need.

Read Here – Asia Times

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Obama Goes From White House To Wall Street In Less Than One Year

Hillary Clinton says she made a mistake when she gave speeches on Wall Street after leaving government. Taking money from banks, she writes in her new memoir, created the impression she was in their pocket. Her old boss doesn’t seem to share her concern.

Read Here – Bloomberg

A Tale Of Two Davoses

The general mood was at its most upbeat since January 2007, when the financial system was as frozen as the Davos streets. Relief that most experts judged the financial crisis to be over at last outweighed concern that economic growth and job creation seems likely to remain sub-par for the forseeable future. (Christine Lagarde, boss of the International Monetary Fund, spoke of a “fragile and timid recovery”.) Angela Merkel was among several European leaders to express optimism about the continent’s economic and political prospects. Even the finding of the Edelman Trust barometer that less than one in five people trust political and business leaders to tell the truth seems to have been shrugged off. Bankers instead took comfort in the finding that trust in banks has actually risen in the past year.

Read Here – The Economist

European Bankers Are Destroying European Democracy, Says Amartya Sen

SO WHAT HAS GONE WRONG in Europe in recent years? I shall divide my analysis into three broad subjects: the challenge of European unity; the requirements of democracy; and the demands of sound economic policy. These are all related to each other, analytically as well as empirically.

Read Here – The New Republic

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