…it is actually more likely that Trump will pursue pragmatic, centrist policies. For starters, Trump is a businessman who relishes the “art of the deal”, so he is by definition more of a pragmatist than a blinkered ideologue. His choice to run as a populist was tactical, and does not necessarily reflect deep-seated beliefs. Read […]
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
A Trump victory could be followed by a rapprochement with Russia. This could mean lifting of Treasury sanctions on the Kremlin and a boost to investment in Russian energy assets. Does any of that sound bullish to the oil price? More investment in Russian infrastructure surely means more oil capacity from the world’s largest producer, […]
The election of Donald Trump to the Presidency is nothing less than a tragedy for the American republic, a tragedy for the Constitution, and a triumph for the forces, at home and abroad, of nativism, authoritarianism, misogyny, and racism. Trump’s shocking victory, his ascension to the Presidency, is a sickening event in the history of […]
Donald Trump is going to be the next president of the United States. The billionaire businessman who never before held elected office shocked America and the world, defeating Hillary Clinton in an extraordinary rebuke to the nation’s political class after an ugly and divisive race that will go down as the most stunning upset in […]
The year I moved away, George W. Bush stood beneath a “Mission Accomplished” banner on an aircraft carrier and declared an end to major combat operations in Iraq. Facebook hadn’t yet been turned into a company. The iPhone did not exist. I left before Hurricane Katrina devastated New Orleans, before Detroit went bankrupt. I missed […]
China’s Communist Party declared President Xi Jinping as its “core,” a designation that strengthens his hand ahead of a twice-a-decade power reshuffle next year… The semantic change is significant in China’s elite politics, which has for more than three decades stressed collective leadership to avoid the Mao Zedong-style personality cult blamed for fuelling the social chaos of […]
Anti-globalisation has gone global, and its apostles offer comfort and deliverance in a shared language of nationalism and xenophobia. Trumpism is partly a response to international competitive pressures, and so is the Xi phenomenon, with its triumphal message of a nation once humiliated by the West now gloriously ascendant. Read Here – Wall Street Journal
India’s celebrated position as the world’s fastest-growing large economy conceals a dangerous weakness: Too few people seem to want to invest in the country. Even going by the government’s growth figures, private investment is shrinking at an increasing pace — by 1.9 percent between January and March, and by 3.1 percent between April and June. Read Here […]
When the Soviet Union collapsed 25 years ago, Russia looked set to become a free-market democracy. Arkady Ostrovsky explains why that did not happen, and how much of it is Mr Putin’s fault. Read Here – The Economist
