How worrying is the weakening dollar?
A few months ago everyone on Wall Street was discussing the “Trump trade”. The consensus was that Donald Trump’s presidency w...
What a refugee camp reveals about economics
It is Malawi’s rainy season and smartly dressed worshippers are spilling out from church. Couples, arm-in-arm, dodge potholes...
Tin, an overlooked critical metal, is enjoying a boom
The metal has been used since ancient times. From the Bronze Age until the 18th century, when it was supplanted by porcelain,...
How Milei made Argentina deserving of an IMF bail-out
Javier Milei can barely contain his excitement. Since December, when the IMF’s last agreement with Argentina ran out, the cou...
Trump takes America’s trade policies back to the 19th century
Few expected him to go so far. In a stunning shift in American economic policy, Donald Trump has yanked up tariffs across the...
The American government’s accidental private-credit subsidy
Apollo has borrowed over $15bn from the Federal Home Loan Bank (FHLB) of Des Moines, one of 11 privately owned but government...
Can the world’s free-traders withstand Trump’s attack?
The condemnation was quick to arrive. “There seems to be no order in the disorder. No clear path through the complexity and c...
Trump’s “Liberation Day” is set to whack America’s economy
EVEN HIS most ardent detractors would grant that Donald Trump is a masterful marketer. So it goes for the barrage of tariffs ...
Even priests need the free market
Henry Ward Beecher’s church was very rich. Every Sunday crowds would flock across New York’s East River on “Beecher’s boats” ...
Can foreign investors learn to love China again?
FOR CHINESE stocks to outperform American ones is rare enough. But this year the MSCI China index has beaten its American equ...