The War Bill Comes Home
Wars are often presented as strategic necessities abroad. Their economic consequences, however, are eventually paid at home. The Trump administration is now asking Congress to...
Tag: USA
Warsh’s New Fed: Hawkish Words, Flexible Hands
For the first time since taking over the Federal Reserve, Kevin Warsh has given investors a clearer insight into how he intends to run America’s...
The New Middle East
The latest twist in Washington’s strategy towards Iran perfectly illustrates the strategic confusion that now surrounds the Middle East. Only twenty-four hours after announcing a...
A War Without Peace
The ceasefire is over. The negotiations continue. This contradiction now defines the relationship between the United States and Iran. Over the weekend, both sides exchanged...
The Hormuz Illusion Is Over
Barely weeks after the announcement of a fragile US-Iran ceasefire, the Middle East is once again reminding markets that geopolitical agreements and lasting peace are...
Hormuz: The Ceasefire That Never Was
Barely weeks after Washington and Tehran announced what was presented as a breakthrough interim peace agreement, events in the Strait of Hormuz have once again...
The New Global Rate Regime Has Arrived
For much of the past decade, investors became accustomed to a remarkably predictable world. Inflation remained subdued, central banks stood ready to support growth at...
The AI Bubble’s First Crack?
For the past two years, the investment case for artificial intelligence has been remarkably simple. Demand appeared limitless, hyperscalers announced ever larger capital expenditure plans,...
The American Labour Market Is Losing Momentum
For much of this year, the resilience of the US labour market has been one of the strongest arguments supporting the Federal Reserve’s hawkish stance....