Extraordinary Measures For Ordinary Times

The legacy of 2007 is still with us. Its most devastating and destructive effect was to put a premium on unconventional monetary measures. Unfortunately, when policymakers scrambled in search of “big bazookas” ten years ago, they set the stage for the return of an old character: a strongman willing to pull the trigger. Read Here […]

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Iran’s Rouhani Officially Begins Second Term

Rouhani is obviously not the same president-elect as he was in 2013. He now appears to be ready to draw his own road map in front of both friends and foes — including Khamenei. All of Rouhani’s men were at the ceremony, as were his rivals, from his predecessor, Mahmoud Ahmadinejad, to his most recent conservative presidential competitor, Ebrahim […]

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The Sorry Story Of Pakistan Prime Ministers

Nawaz Sharif is the proverbial cat with nine lives. But his third, the longest and perhaps final term as Pakistan’s prime minister, came to an end last Friday when the Supreme Court of the country disqualified him from holding public office…Whether Sharif is able to make yet another comeback is still to be seen, but […]

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America Should Not Cheer On An India-China Fight

Even as China and India once more come nose to nose and eyeball to eyeball across the forbidding glaciers of the high Himalayas, the United States must resist the temptation to pour gasoline on this potentially dangerous conflagration even though more than a few U.S. (and global) arms merchants would benefit from the intensification of Sino-Indian military […]

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Explaining Global Recovery Amid Political Recession

Today, the world’s major economies are experiencing a steady recovery, despite the occasional setback. To be sure, economic performance is far from reaching its full potential: depending on where one looks, one can find output gaps, excess leverage, fragile balance sheets, under-investment, and unfunded longer-term non-debt liabilities. Still, financial markets show no signs of convulsion, […]

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Palace Intrigues In The Desert Kingdom

The new Crown Prince has established close ties with President Trump, his son-in-law, Jared Kushner, and the administration’s senior security officials, who see the prince as a moderniser and a solid ally against Iran. This is an important partnership since the prince will need all the help he can get in those uncertain days when […]

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