For the first time since last October, the price of a barrel of oil has broken through $50. So it seems a good time to update the analysis I presented in...
As the European Union begins to disintegrate, who can provide the leadership to save it?
Among the multiple existential challenges facing the European Union this year – refugees, populist politics, German-inspired austerity, government bankruptcy...
Now that oil prices have settled into a long-term range of $30-50 per barrel (as described here a year ago), energy users everywhere are enjoying an annual...
The U.S. Federal Reserve is almost certain to start raising interest rates when the policy-setting Federal Open Markets Committee next meets, on Dec. 16.
Violent swings in oil prices are destabilizing economies and financial markets worldwide.
The good news is that a Greek default, which has become more likely after Prime Minister Alexis Tsipras’ provocative rejection of what he described as the...
Once again, Greece seems to have slipped the financial noose. By drawing on its holdings in an International Monetary Fund reserve account, it was able to...
The U.S. dollar recently hit12-year highs, while the euro plunged inexorably to below dollar parity.
Nationalism versus globalism, not populism versus elitism, appears to be this decade’s defining political conflict.
In the year since U.S. President Donald Trump escalated America’s trade war with China, policymakers and financial markets have been obsessed with the dangers...
The U.S. economy has entered its 11th year of uninterrupted expansion, breaking the previous record for the longest period of growth in American history...
If there is one useful conclusion that economists and investors can draw from the crazy year that has just ended - indeed, from the whole crazy decade since...
After British Prime Minister Theresa May’s resignation announcement, several of the candidates to succeed her have proclaimed their desire for a “no-deal...
With less than one week to go before the British election that will finally settle the question of European Union membership, anxiety is rising on both sides...
As the Brexit negotiations enter their endgame, a stalemate has become the most likely outcome.
The meeting between U.S. President Donald Trump and China’s President Xi Jinping at the G-20 summit in Buenos Aires this week is being viewed as a...
The long-running tragicomedy of the United Kingdom’s relationship with the European Union is, at long last, approaching its climax.
If something is impossible, it does not happen.
The United States cannot win its tariff war with China, regardless of what President Donald Trump says or does in the coming months. Trump believes that he...