Trump’s interest-rate crusade will be self-defeating
There are two ways, the world’s central bankers learned at this year’s Jackson Hole conference, to tame a…
Can China cope with a deindustrialised future?
Amid all the trouble facing China—trade war, covid-19, a property slump—the country’s leaders have remained confident about the…
To sell Fannie and Freddie, Trump must answer a $7trn question
“Nothing is so permanent”, noted Milton Friedman, “as a temporary government programme”. Friedman died in 2006, a couple…
America’s housing market is shuddering – The Economist
America’s housing market is shuddering The EconomistDownturn in the housing market The Business JournalsDid lower mortgage rates already lower housing…
Factory work is overrated. Here are the jobs of the future
Trumpian types are unanimous: America needs factories. The president describes how workers have “watched in anguish as foreign…
A fresh retail-trading frenzy is reshaping financial markets
Investors love an acronym. In recent months they have embraced the TACO (Trump Always Chickens Out) trade. They…
Why 24/7 trading is a bad idea
Stock exchanges are the quaintest corners of modern finance. At other financial institutions, the typical trading floor features…