[T]he trade war’s impact on global production networks and global supply chains will be devastating.
Given that the president is famous for his provocative tweets, one has to ask, where does such a sudden change in tone come from?
If the United States’ tax reform proposal had no chance of passing, I would not bother to analyze it. But that’s not the case. The probability of passing is high. It would be advisable to look at its effects in the U.S. and internationally.
Although the proposal is missing many details, the following stands out: [Read more]
In comparison to Europe, the American welfare state is not generous enough.
In the United States, those companies that use subcontractors the most also tend to be those who pay their own employees best.
<i>The change in interest rates doesn't come at the greatest time for the American economy. The administration and Congress are now accountable.</i>
Rarely has a meeting of the U.S. Federal Reserve Board been given as much attention as the current one. Unable to return to its former strength since [before] the [Read more]
The consequences of such monetary policy — i.e. zero rates, printing money, limitless indebtedness — are genocidal, and you can blindly trust the incompetent politicians who rule us to smoothly manage the coming crisis.
The world has become addicted to unconventional measures and low rates. But like all drugs, the latter can have harmful side effects.
America’s central bank is finding it difficult to know what the rates of unemployment and inflation are in the United States. It is wavering on toughening its monetary policy, especially as Congress will not forgive it if it makes the wrong move.