Kiss Your Domestic Bias Goodbye, Central Bankers of the World ... In a globalized world, managing domestic economic conditions requires having one eye focused abroad. For evidence, look no farther than the global monetary policy fallout from Britain's June 23 vote to leave the European Union. – BloombergBrexit reverberations continue to generate calls for more central banking coordination.Ju...Read More
On ABC’s "Good Morning America," FiveThirtyEight's Nate Silver predicted that Hillary Clinton will win the presidential election against Donald Trump. Clinton has a 79 percent chance of winning, compared with Trump’s 20 percent, according to FiveThirtyEight's forecast. -ABCNate Silver is back at it, predicting a Trump defeat. The most famous pollster in America was wrong about Trump...Read More
ECB's Mario Draghi Urges Central Banks to Align Monetary Policy ... ECB chief warns against competitive currency devaluations Speaking at a European Central Bank conference in Portugal, ECB President Mario Draghi says divergent monetary policies among major central banks can create uncertainty about their policy intentions.-Wall Street JournalHow is it that people have been put in jail for cons...Read More
Trump Dares Corporate America to Leave the GOP ... The speech Trump delivered in Pennsylvania on Tuesday, attacking globalization and trade, will provide more cause for panic among Republican elites. -Bloomberg opinionThis article disparages Trump's appeal and suggests that large corporations might leave the GOP.That’s a direct result of Trump, of course. In his speech Tuesday, he blasted gl...Read More
On ABC’s "Good Morning America," FiveThirtyEight's Nate Silver predicted that Hillary Clinton will win the presidential election against Donald Trump. Clinton has a 79 percent chance of winning, compared with Trump’s 20 percent, according to FiveThirtyEight's forecast. -ABCNate Silver is back at it, predicting a Trump defeat. The most famous pollster in America was wrong about Trump...Read More
ECB's Mario Draghi Urges Central Banks to Align Monetary Policy ... ECB chief warns against competitive currency devaluations Speaking at a European Central Bank conference in Portugal, ECB President Mario Draghi says divergent monetary policies among major central banks can create uncertainty about their policy intentions.-Wall Street JournalHow is it that people have been put in jail for cons...Read More
Trump Dares Corporate America to Leave the GOP ... The speech Trump delivered in Pennsylvania on Tuesday, attacking globalization and trade, will provide more cause for panic among Republican elites. -Bloomberg opinionThis article disparages Trump's appeal and suggests that large corporations might leave the GOP.That’s a direct result of Trump, of course. In his speech Tuesday, he blasted gl...Read More
Trump slams globalization, promises to upend economic status quo ... Donald Trump on Tuesday trashed U.S. trade policies that he said have encouraged globalization and wiped out American manufacturing jobs in a speech in which he promised to herald a U.S. economic resurgence. -CNNWe recently identified a growing global meme as one that is now pitting "populists" against "globalists."There has be...Read More
From Julia Gillard to Hillary Clinton: online abuse of politicians around the world ... Analysis of abuse of politicians in the US, UK and Australia sheds light on a problem often dismissed as par for the course. Former Australian prime minister Julia Gillard (left) and US presidential candidate Hillary Clinton have both been subjected to online abuse. -GuardianThe Guardian newspaper has reported...Read More
Brexit - how will central banks respond? Policymakers' existing struggle with low productivity and high debt has become more complicated -Financial TimesThis article provides us with a useful survey of what central banks are going to be doing to confront the Brexet-initiated downturn.Start with the Bank of England. Governor Mark Carney acted quickly to provide liquidity by injecting ?3.1bn into...Read More
Brexit could spell more trouble for Trump, who supported leaving ... Donald Trump plans a major trade speech on Tuesday that the campaign is billing as “declaring American economic independence,” a clear reference to the U.K.’s decision to leave the European Union. If trends continue, he could be doing it against a backdrop of markets crashing and the pound hitting lows last seen...Read More
Trump slams globalization, promises to upend economic status quo ... Donald Trump on Tuesday trashed U.S. trade policies that he said have encouraged globalization and wiped out American manufacturing jobs in a speech in which he promised to herald a U.S. economic resurgence. -CNNWe recently identified a growing global meme as one that is now pitting "populists" against "globalists."There has be...Read More
From Julia Gillard to Hillary Clinton: online abuse of politicians around the world ... Analysis of abuse of politicians in the US, UK and Australia sheds light on a problem often dismissed as par for the course. Former Australian prime minister Julia Gillard (left) and US presidential candidate Hillary Clinton have both been subjected to online abuse. -GuardianThe Guardian newspaper has reported...Read More
Brexit - how will central banks respond? Policymakers' existing struggle with low productivity and high debt has become more complicated -Financial TimesThis article provides us with a useful survey of what central banks are going to be doing to confront the Brexet-initiated downturn.Start with the Bank of England. Governor Mark Carney acted quickly to provide liquidity by injecting ?3.1bn into...Read More
Brexit could spell more trouble for Trump, who supported leaving ... Donald Trump plans a major trade speech on Tuesday that the campaign is billing as “declaring American economic independence,” a clear reference to the U.K.’s decision to leave the European Union. If trends continue, he could be doing it against a backdrop of markets crashing and the pound hitting lows last seen...Read More
In the long-running global war on drugs, arguably no country in the world has suffered more than Colombia, where I have been doing business and living part-time for over 15 years. Violence, poverty, fear, destruction of families and communities, political upheaval, economic chaos - the black market has wreaked havoc throughout this beautiful land.But today, the courageous and forward-looking leade...Read More
Clinton on voters’ trust issues: ‘I know I have work to do’ ... Hillary Clinton, facing direct criticism about her trustworthiness from rival Donald Trump, admitted Monday she needs to do more to earn voters’ trust. “I personally know I have work to do on this front,” Clinton said at a Rainbow Push Collation luncheon, from prepared remarks. -CNNThis recent spe...Read More
Central Banks Worry About Engaging World Markets After 'Brexit' ... As global markets reel after an establishment-rattling vote by Britain to sever ties with Europe, investors are again expecting central banks to ride to the rescue. And that may be the problem.- New York TimesYesterday, we wrote about a new dominant social theme emerging as a result of Brexit.The propaganda seemed to be resolvin...Read More
In the long-running global war on drugs, arguably no country in the world has suffered more than Colombia, where I have been doing business and living part-time for over 15 years. Violence, poverty, fear, destruction of families and communities, political upheaval, economic chaos - the black market has wreaked havoc throughout this beautiful land.But today, the courageous and forward-looking leade...Read More
Clinton on voters’ trust issues: ‘I know I have work to do’ ... Hillary Clinton, facing direct criticism about her trustworthiness from rival Donald Trump, admitted Monday she needs to do more to earn voters’ trust. “I personally know I have work to do on this front,” Clinton said at a Rainbow Push Collation luncheon, from prepared remarks. -CNNThis recent spe...Read More