Thursday, May 15th, 2025

How to Forecast a Recession

Imagine you are sailing a ship through dense fog, looking out for land. Your lookout…

The End of Zero Interest Rates

What a difference two years make. In 2021, when interest rates were near zero in…

Is a Global Recession Really Around the Corner?

The world’s leading economists spent most of 2022 convincing themselves that, if the global economy…

In the Dollar We Trust

Despite rampant inflation and slowing growth, the US dollar keeps going from strength to strength.…

These Russia Sanctions Are Different

The surprising potency of the multilateral sanctions imposed on Russia has been exceeded only by…

Three Terms That Misdefined 2020

US President Donald Trump and the COVID-19 pandemic dominated the news headlines in 2020. Three…

Biden’s Modest Multilateralism

Like the Joni Mitchell song puts it, “You don’t know what you’ve got ‘til it’s…

Biden’s Economic Edge

In a few days, Americans will choose a president. Opinion polling suggests that voters favor…

The COVID-Climate Nexus

From early on in the COVID-19 pandemic, a common refrain has been, “At least maybe…

The Dark Heart of Gold

The price of gold reached an all-time high of $2,000 per ounce in early August.…

The Pandemic Pain of Emerging Markets

The public-health and economic consequences of the COVID-19 pandemic have varied across countries. This is…