Trump Can’t Kill the Boom: Why the US Economy Will Roar Despite Him
Markets, innovation, and AI are overpowering Trump’s chaos—and pushing America toward 4% growth, recession or not.
The Main Street manifesto
The historic protests which have swept America were long overdue, not just as a response to racism and police violence but also as a revolt against entrenched plutocracy.
The Global Growth Funk
The International Monetary Fund and others have recently revised downward their forecasts for global growth – yet again. Little wonder: The world economy has few
Unconventional Monetary Policy On Stilts
With most advanced economies experiencing anemic recoveries from the 2008 financial crisis, their central banks have been forced to move from conventional monetary policy –
The Global Economy’s New Abnormal
Since the beginning of the year, the world economy has faced a new bout of severe financial market volatility, marked by sharply falling prices for
Is Europe Doomed To Collapse?
I am on a two-week European tour at a time that could make one either very pessimistic or constructively optimistic about Europe’s prospects. First the
Europe’s Politics Of Dystopia
The recent victory of the conservative Law and Justice (PiS) party in Poland confirms a recent trend in Europe: the rise of illiberal state capitalism,
Are Negative Interest Rates Good For Growth?
Monetary policy has become increasingly unconventional in the last six years, with central banks implementing zero-interest-rate policies, quantitative easing, credit easing, forward guidance, and unlimited
Will Technology Destroy Jobs?
Technology innovators and CEOs seem positively giddy nowadays about what the future will bring. New manufacturing technologies have generated feverish excitement about what some see
The Global Economy And The Return Of Currency Wars
The recent decision by the Bank of Japan to increase the scope of its quantitative easing is a signal that another round of currency wars
The Single-Engine Global Economy
The global economy is like a jetliner that needs all of its engines operational to take off and steer clear of clouds and storms. Unfortunately,