Ceasefire in Name, Crisis in Reality
The war has entered that familiar and dangerous phase in which everyone claims to want peace, while acting as if escalation remains the more useful...
The Day the Market Stops Believing
There are warnings that belong to the realm of theory, and others that carry the quiet weight of experience. When Henry Paulson speaks about a...
Ceasefire on Borrowed Time
The war has not ended. It has merely paused, briefly, uneasily, under the sort of arrangement that looks like diplomacy from a distance and like...
China’s Calm Front, Fragile Core
China today presents itself as the one major power still capable of looking composed in a world that seems determined to lose its balance. That,...
ECB, Waiting in the Smoke
The European Central Bank is edging towards caution rather than conviction. For now, the instinct in Frankfurt is to leave rates unchanged later this month...
India’s Industrial Dream Meets the Chinese Gatekeeper
India wants to be the alternative. The factory floor the West can trust, the manufacturing platform that rises as China hardens, the industrial power that...
Russia-China, the Axis of Convenience Tightens
As war drags on in the Middle East and the American position grows more erratic by the day, Beijing and Moscow are doing what they...
Ceasefire Dead, Blockade Begins
The brief illusion of de-escalation has collapsed. The talks in Pakistan did not produce peace, or even the outline of one. They produced what this...
The Fed’s New Fear: Inflation Has Not Finished Its Work
At first glance, the Federal Reserve still looks suspended in familiar ambiguity: waiting, watching, refusing to move too quickly. But the minutes of its March...