Economic forecasts are too rosy. That can be costly
4 August 2020, 1:00 am
Over-optimism at the IMF and the World Bank can have serious consequences
Bridgewater faces losses and a lawsuit
1 August 2020, 1:00 am
The most successful hedge-fund firm of all time hits a rough patch
Has India’s moratorium on loan payments delayed the pain for banks?
1 August 2020, 1:00 am
It has shielded borrowers; but some banks may struggle once defaults are realised
In emerging markets, short-term panic gives way to long-term worry
1 August 2020, 1:00 am
Emergency measures have helped keep economies alive, but could have nasty side-effects in the long term
The SPAC hack
1 August 2020, 1:00 am
The latest twist in the power struggle between Silicon Valley and Wall Street
The EU’s recovery fund revives a debate on common taxes
1 August 2020, 1:00 am
But for every tax proposed, there is a national veto
The fear of robots displacing workers has returned
30 July 2020, 3:51 pm
But do not expect tech-induced lay-offs just yet
The price of gold surges to an all-time high
30 July 2020, 3:51 pm
And the dollar weakens against the euro
Emmanuel Farhi has died at the age of 41
30 July 2020, 1:00 am
The economist was one of the brightest minds of his generation
Banks lose out to capital markets when it comes to credit provision
25 July 2020, 1:00 am
That explains the Fed’s response to the latest economic crisis
A shift from paper to virtual cash will empower central banks
23 July 2020, 3:51 pm
Officially issued digital currencies could help usher in negative interest rates
Ant Group announces plans to list in Shanghai and Hong Kong
23 July 2020, 3:51 pm
It becomes the latest in a trail of listings
Unusually, copper and gold prices are rising in tandem
23 July 2020, 3:51 pm
An uncertain and uneven recovery explains their skyward leap
Why real-time economic data need to be treated with caution
23 July 2020, 3:51 pm
The measures are not a proxy for overall economic activity
Chapter 11 is no longer a haven for deadbeat debtors
23 July 2020, 3:51 pm
These days secured creditors are in control
Housing was the business cycle
18 July 2020, 1:00 am
Residential investment is not the macroeconomic force it used to be
The threat of irrelevance spurs insurers to consider new ideas
18 July 2020, 1:00 am
Insurers are rethinking their approach to systemic risks
China’s world-beating growth rate of...3.2%
18 July 2020, 1:00 am
Its economic rebound is impressive but uneven
The row over taxing tech firms heats up
18 July 2020, 1:00 am
America plans tariffs in retaliation for France’s digital-services tax
How big is China’s economy? Let the Big Mac decide
18 July 2020, 1:00 am
Our index reckons China’s GDP is bigger than the World Bank thinks
What Wall Street’s results tell you about America’s economy
18 July 2020, 1:00 am
The panic has been calmed, and the economic pain deferred. But uncertainty still abounds
Why globalists and frontier-market investors love Vietnam
18 July 2020, 1:00 am
It is cheap, and a refuge from the Sino-American trade-and-technology war
The pandemic revives ultra-safe European bonds
11 July 2020, 1:00 am
The European Commission could soon become a big player in capital markets
Some economies are bouncing back. But recoveries can easily go wrong
11 July 2020, 1:00 am
Our analysis shows just how fragile consumer confidence can be
Europeans quibble about long trading hours: the finance edition
9 July 2020, 3:52 pm
Europe’s stockmarkets are open for longer than anywhere else
Americans need more guidance from the Fed
9 July 2020, 3:52 pm
Spelling out the future path of policy would help
More corporate defaults seem to be on the way
9 July 2020, 3:52 pm
Despite a mini-boom in the bond market, defaults are priced in
The race to lead the WTO begins
9 July 2020, 3:52 pm
Picking a winner could get messy
Stockmarket mania comes to China again. Can it last this time?
7 July 2020, 1:00 am
There are grounds for optimism but also signs of irrational exuberance
The poorest countries may owe less to China than first thought
4 July 2020, 1:00 am
Still, China lends more than the members of the Paris Club combined
Trade finance stumbles into the digital era
4 July 2020, 1:00 am
Covid-19 forces the world’s most complicated paper chase to modernise
A Latin American economic tragedy
2 July 2020, 3:59 pm
The region’s latest woes fit a long-standing pattern
As foreign banks circle, China plots an “aircraft-carrier” defence
2 July 2020, 3:59 pm
The government may let banks launch brokerages to fend off foreign marauders
How resilient are the banks?
2 July 2020, 3:59 pm
If today’s lenders were run like they were in 2008 they would be in huge trouble
Why zero interest rates might lead to currency volatility
2 July 2020, 3:59 pm
There is little scope for them to adjust to economic trouble. So something else must
America’s housing market is so far unfazed by recession
2 July 2020, 3:59 pm
The property market seems strangely oblivious to the economic carnage around it
Will labour reforms in India work?
25 June 2020, 4:00 pm
Jobs are protected on paper but precarious in practice
Economists grapple with their race problem
25 June 2020, 4:00 pm
Greater openness to people and ideas should enhance their understanding of the world
What if the dotcom boom and bust hadn’t happened?
25 June 2020, 4:00 pm
Value investing might not have the same moral authority as today
The IMF downgrades its global growth forecasts
25 June 2020, 4:00 pm
High debts and high asset prices worry Washington wonks
China’s prodigious exporters have some new tricks
25 June 2020, 4:00 pm
The country’s export share has expanded during the pandemic
Is investors’ love affair with commercial property ending?
25 June 2020, 1:00 am
After covid-19, the investment world will become more discriminating
How Wirecard fooled most of the people all of the time
25 June 2020, 1:00 am
A financial scandal at the once-feted firm leaves Germany reeling
China is the world’s factory, more than ever
23 June 2020, 1:00 am
Its export share has expanded during the pandemic. But is this the high-water mark?
The economics of reparations
18 June 2020, 3:51 pm
The difficulties of working out how to compensate the descendants of slaves
China’s poverty line is not as stingy as commentators think
18 June 2020, 3:51 pm
Nor is China as poor as Li Keqiang implies
The Fed has been supporting markets. Now it must find ways to boost growth
18 June 2020, 3:51 pm
Economists expect it to begin yield-curve control in September
The euro area’s stimulus is less stingy than in past crises
18 June 2020, 3:51 pm
Even so, more stimulus will be needed this year
The successes of the Fed’s dollar-swap lines
18 June 2020, 3:51 pm
America’s central bank shines in a global role it resents
New research casts light on the pandemic’s effects on resource allocation
18 June 2020, 3:51 pm
Capital markets are signalling that lasting change is in the works
To understand the new wave of small investors, look to China
18 June 2020, 3:51 pm
Speculation is as old as the hills, but you can count on some variations
As the virus rages on shore, merchant seamen are stranded on board
18 June 2020, 1:00 am
The merchant seamen who keep the world warmed and fed are trapped in floating prisons
Covid-19 has squeezed migrants’ remittances to their families
15 June 2020, 1:00 am
A new report highlights the potential gains from digitisation
Investment in oil supply has collapsed. It may not roar back
13 June 2020, 1:00 am
Plunging investment, a battered cartel and a new fight over oil supply
Why are bank bosses sounding more optimistic about loan losses?
11 June 2020, 3:49 pm
They were hyper-prudent in April. Now the worst-case scenario might be off the cards
The yuan has been one of the world’s most stable major currencies
11 June 2020, 3:49 pm
That is partly by design, and partly through luck
India avoids junk status
11 June 2020, 3:49 pm
Rating agencies seem more optimistic than Indian commentators
The reasons behind the spectacular rally in metal prices
11 June 2020, 3:49 pm
Quite a lot of the story seems to be about China
Economic research documents black Americans’ struggle for equality
11 June 2020, 1:00 am
History shows that progress towards equality is followed by a racist backlash
What the early 1980s implies for unemployment today
11 June 2020, 1:00 am
A past recession may prove a useful guide to the recovery
Can Hong Kong remain a global financial centre?
6 June 2020, 1:00 am
The $10trn financial hub is in the eye of a geopolitical storm
American unemployment falls, but normality is still far away
5 June 2020, 1:00 am
The question remains: how many jobs have gone for good?
ESG investors get their heads around social risks
4 June 2020, 3:47 pm
Thanks to covid-19, these woolly risk factors are in the limelight
Americans saved a record chunk of their incomes in April
4 June 2020, 3:47 pm
The economic recovery depends on their willingness to splash the cash
Japan probes the limits of economic policy
4 June 2020, 3:47 pm
Including loan guarantees, fiscal support this year will amount to 40% of GDP
Is there a role for options insurance in equity portfolios?
4 June 2020, 3:47 pm
Nassim Taleb and Cliff Asness, two high-level thinkers on finance, disagree
America’s public-pension funding crisis worsens
4 June 2020, 3:47 pm
Funding ratios have fallen and the cost of provision has risen
Downturns tend to reduce gender inequality. Not under covid-19
4 June 2020, 1:00 am
Women’s unemployment has risen more than men’s
The pandemic could lead statisticians to change how they estimate GDP
30 May 2020, 1:00 am
Data gaps are rife, but statisticians may eventually understand better how the economy works
For the first time in 30 years, China has no GDP target
30 May 2020, 1:00 am
The government will not set one this year, reflecting the pandemic’s uncertainties
Can private-equity firms turn a crisis into an opportunity?
30 May 2020, 1:00 am
Their performance matters both for investors and the wider economy
The World Bank lands Carmen Reinhart as chief economist
30 May 2020, 1:00 am
Ms Reinhart is one of the most widely cited economists in the world
Will covid-19 halt the rise of private equity in Europe?
28 May 2020, 3:48 pm
PE firms are better prepared for a downturn, and seem to be more welcome
China’s economists debate deficit monetisation
28 May 2020, 3:48 pm
Inflation hawks seem to be prevailing—in theory, if not entirely in practice
What is the link between inflation and equity returns?
28 May 2020, 3:48 pm
Stocks are a decent inflation hedge in the long run, but over shorter horizons, there is an inverse relationship
The legacy of Alberto Alesina
28 May 2020, 1:00 am
He traced the links between culture, politics and fiscal policy
Covid-19 forced trading floors to close. They’ll be back
25 May 2020, 1:00 am
They are likely to last for as long as traders want them
Should the Fed cut rates below zero?
23 May 2020, 1:00 am
Negative rates are not a cure for what ails the global economy
A memo to candidates for the WTO’s next boss
23 May 2020, 1:00 am
What Roberto Azevêdo’s prospective successor should expect
Tracking the economic recovery
23 May 2020, 1:00 am
Though some lockdowns are being lifted, economies are not roaring back
Sovereign-wealth funds face lean years
21 May 2020, 3:53 pm
Revenues have fallen, and governments are eyeing their riches
Why interest rates are so high in Africa
21 May 2020, 3:53 pm
Banks generate high returns, but have steep costs
Why you need to read Jane Austen to appreciate perpetual bonds
21 May 2020, 3:53 pm
It takes a nineteenth-century perspective to see the merit of consols
Why the pandemic could eventually lower inequality
16 May 2020, 1:00 am
History suggests it could precipitate shifts towards a more equal income distribution
How to fight an economic crisis in a monetary union
16 May 2020, 1:00 am
Philip Lane, the ECB’s chief economist, lays out his framework
Award
14 May 2020, 3:47 pm
Turkey’s defence of the lira has been unwise and ineffective
14 May 2020, 3:47 pm
The country is trying to strengthen its currency—at the expense of weaker banks
America files a new financial salvo at Beijing
14 May 2020, 1:00 am
The White House seeks to stop a government pension fund investing in China
Could travel bubbles offer a route to economic recovery?
14 May 2020, 1:00 am
The economic gains would be large, but the health requirements could be vexing
Could the pandemic give America’s labour movement a boost?
9 May 2020, 1:00 am
Gig workers are organising, in tech-savvy ways
In bleak times for banks, India's digital-payments system wins praise
9 May 2020, 1:00 am
Digital loans could be next
Emerging markets launch QE, too
7 May 2020, 3:55 pm
Unconventional monetary policy is not just for the rich world
With oil prices depressed, China presides over a buyer’s market
7 May 2020, 3:55 pm
Oil and gas suppliers are toiling to secure Chinese demand
Credit-rating agencies are back under the spotlight
7 May 2020, 3:55 pm
This time is different from the financial crisis—sort of
Losses by central banks are nothing to fear
7 May 2020, 3:55 pm
They do not reflect financial doom. But they expose the fragility of independence
A perky stockmarket v a glum economy
7 May 2020, 1:00 am
Explaining the stockmarket rally
For microfinance lenders, covid-19 is an existential threat
5 May 2020, 1:00 am
Yet, in the post-pandemic world, the world’s poor will need them more than ever
In many ways, stockmarkets have been extraordinary in 2020
3 May 2020, 1:00 am
How this year’s crash differs from bear markets of the past
Politicians in America and Europe scramble to help small firms
2 May 2020, 1:00 am
But their schemes are meeting with mixed success
America’s large firms can count on generous government support
2 May 2020, 1:00 am
But there are strings attached
