Escaping the liquidity trap means engineering a dramatic rise in expectations for future demand growth. It means a clear departure from past practice: a regime change. And whether the tool used to engineer the shift in expectations is monetary or fiscal, it cannot occur without strong political support. Read Here – The Economist
Trump is part of a broad populist upsurge running through the Western world. It can be seen in countries of widely varying circumstances, from prosperous Sweden to crisis-ridden Greece. In most, populism remains an opposition movement, although one that is growing in strength; in others, such as Hungary, it is now the reigning ideology. But […]
Brexit was the warm-up. With the election of Donald Trump, the populist tide sweeping developed economies has now overtaken the world’s most powerful democracy. What exactly that means for the rest of the world depends upon just how serious the real estate developer and reality TV star was about his campaign pledges. Those ranged from […]
Economic slowdowns can often be characterized as periods of hesitation. Consumers hesitate to buy a new house or car, thinking that the old house or car will do just fine for a while longer. Managers hesitate to expand their workforce, buy a new office building, or build a new factory, waiting for news that will […]
Right now a political tidal wave is rising in the West, an inchoate deluge driven by years of failed centralization and economic policy, one that threatens to drown traditional parties and submerge political establishments. There is no stopping this storm; the challenge of our time is to ensure that it forces productive change, that it […]
The United Kingdom’s exit from the European Union is creating a lot of losers: London’s finance industry. British Prime Minister David Cameron. The pound. The grand cause of European integration. But out of all of the market turmoil and uncertainty will emerge at least one big winner: China. Read Here – Bloomberg
British voters didn’t just shock the world and the financial markets by voting to leave the European Union hours ago: They also ignored President Barack Obama, handed Hillary Clinton a potential economic burden and injected new energy into the populist currents roiling politics on both sides of the Atlantic. Read Here – Politico
The UK has voted to leave the European Union after 43 years in a historic referendum. Leave won by 52% to 48% with England and Wales voting strongly for Brexit, while London, Scotland and Northern Ireland backed staying in the EU. Read Here – BBC
The febrile behavior of financial markets ahead of the United Kingdom’s referendum on June 23 on whether to remain in the European Union shows that the outcome will influence economic and political conditions around the world far more profoundly than Britain’s roughly 2.4% share of global GDP might suggest. There are three reasons for this […]
With less than a month until British citizens vote on whether the U.K. should stay in or leave the European Union, Americans could be forgiven for being preoccupied with their own political dramas. Still, President Obama conspicuously weighed in on the British debate in April, writing in The Daily Telegraph “with the candour of a […]
looking beyond borders 