America’s Corporate Titans Head for Europe – When in Doubt, Borrow in Euros
From Pfizer to Alphabet, the titans of American capitalism are increasingly borrowing in euros — and doing so with gusto — as President Donald Trump’s...
Bond Vigilantes Make Their Return – and This Time, They’re Staring Down Trump’s Trillion-Dollar Fantasy
On the world’s largest bond market, investors are quietly — and not so quietly — revolting against President Donald Trump’s grand tax-cut plan. In what...
US Inflation Cools, but Don’t Pop the Champagne Yet
Inflation in the United States was just a touch softer than expected in April, providing policymakers with a momentary sigh of relief and a not-so-subtle...
Moody’s Pulls the Rug, Markets Trip Over US Debt
Investors were treated to yet another delightful Monday morning punch in the face. US assets came under renewed pressure — this time not from tariffs,...
The Fed’s Fine Balancing Act: Between Trump’s Tariffs and Economic Chaos
Jerome Powell, Chair of the Federal Reserve, emerged from another two-day policy meeting in Washington this week sounding like a man politely trying to defuse...
Friedrich Merz Becomes Chancellor—Eventually—But With Limping Authority and a Red Face
It took Friedrich Merz two tries, a parliamentary wobble, and a fair dose of political theatre, but the 69-year-old conservative finally secured the Bundestag’s blessing...
Tariff Tantrums and Global Manufacturing: The Art of Economic Destruction
This week brought yet another pile of smoking evidence that President Donald Trump’s trade war is doing precisely what trade wars do best: sowing chaos,...
The American Jobs Market: Still Breathing—For Now
Despite the thick fog of uncertainty wafting from President Donald Trump’s tariff-happy West Wing, the American labour market remained upright in April. Nonfarm payrolls rose...
Tariff Tantrum: Trump’s Trade War Bites Back
The American economy contracted at the start of the year — a predictably charming outcome — as companies scrambled to import goods ahead of Donald...