America’s Neville Chamberlain

US President Donald Trump’s attempts to flex America’s muscles with the use of tariffs harks back to one of the darkest periods of modern history. During the Great Depression, the governments of Britain and France pursued a similar policy, unwittingly alienating would-be allies and strengthening Nazi Germany. Read Here – Project Syndicate

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U.S. Deficits Are Hurting Emerging Markets

Thanks to the dollar’s outsize global role, the first casualties of a somewhat irresponsible U.S. fiscal policy are likely to be emerging economies that have used the dollar to denominate their debts, not the United States itself. A stronger dollar and rising U.S. interest rates are increasing the burden of paying all dollar-denominated debts around the world. […]

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A Trump Foreign Policy

It is fair to give the president credit for delivering, or working to deliver, on many of his electoral promises, something that is reportedly a source of pride for Trump. As a candidate, Donald Trump said that he would take a tougher stance on illegal immigration, demand more beneficial trade arrangements from other nations, downplay […]

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Trump’s Next Target: NATO

After watching the G7 train wreck aghast, senior officials at NATO headquarters are quaking in their boots at the prospect of hosting a summit of the Western defense alliance featuring a raging Donald Trump in Brussels. Far from showcasing transatlantic unity and resolve, they fear the 24-hour gathering of leaders of the 29-nation alliance, scheduled for about […]

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We Are All Globalnationalists Now

In the epilogue to the first volume of his biography of Henry Kissinger, The Idealist, historian Niall Fergusson notes that he asked Yale university professor, John Gaddis, whether he agreed with his designation of Dr K. as a foreign policy “idealist.” That assessment contrasted with the conventional view of the former U.S. Secretary of State as […]

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Breaking A Big Deal

We are left with a region where the Iranians and Saudis will have no more opportunities to cooperate to resolve regional crises, starting with those in Syria and Yemen. Which means, that in the near future, the US, the Europeans and other parties involved in the geo-political game of the Middle East will be left […]

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