Yesterday US President Trump formally launched his campaign for tax reform. The Big Six (Mnuchin and Cohn for the administration, McConnell, and Hatch from the Senate and Ryan and Brady from the House) had been...
There was once a young king, even younger than Emmanuel Macron, who conquered power thanks to a sagacious adviser. The young king was called Chandragupta, and he was about to inaugurate the reign of the...
The conventional narrative is that in the aftermath of the Great Financial Crisis, the economic and political elites in Europe and America are in dispute. They simply not delivered the goods, namely a rising living...
The Trump administration seems to be stepping up the pressure on the Japanese yen, accusing Japan of manipulating the exchange rate to its advantage. In our view, the accusation is essentially valid. Japanese policy makers...
On Tuesday, the dollar fell 1.25% against the basket of currencies in the Dollar Index. The index is down 3% since its peak at the end of 2016. US companies that report in dollars but...
China is important to US companies. Qualcomm gets 57% of its revenues in China, Micron 43%, Apple 23%, Jabil 21%, Boeing 13%, Wynn Resorts 60%, according to Bloomberg’s math. In the last earnings report, GM...
Market trading pushed the dollar to a near 14-year high compared to the euro, Turkish lira, and other currencies on Tuesday. The reason: Investors expect a surge of investment in the US under a Trump...
It is fashionable to mock the major world summits. It is also fashionable to blame globalization for all our ills. Lastly, it is fashionable to predict a China’s economic collapse. Actually, the last G20 meeting...