Biden is selling his economic policy to the wrong crowd
It’s American voters that still need convincing of the virtues of Biden’s industrial policy – not the G20.
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It’s American voters that still need convincing of the virtues of Biden’s industrial policy – not the G20.
Detroit’s big car makers are holding out for a huge pay increase which, if it goes through, would upset attempts to drive down inflation.
The question now is whether demand-side inflation is still rising which means inflation will stay high for longer.
As the US markets return from the summer lull, on the agenda are the new geopolitical world order, persistent inflation and the problems with investing in emerging markets.
Yes, the US economy is outperforming that of its European allies, but given President Biden’s staggering stimulus package, is that a surprise?
Red lights flashed across the world’s stock markets today after the Fitch ratings agency downgraded the US government’s credit rating.
The current mood in Britain wouldn’t suggest so. But an excessive focus on short-term indicators may obscure the bigger picture.
The outcome of the Biden-McCarthy debt ceiling deal does nothing other than to kick the can even further down the road.
By some miraculously novel invention in monetary policy, the Fed might actually choose to neither tighten nor ease, but instead leave rates unchanged.
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