Recent Posts

The Fed helped Trump win the 2016 election

Donald Trump has renewed his quarrel with the Federal Reserve, tweeting again that the central bank is a bigger problem for the US economy than China. Whether or not it’s wise for the president to lash out in public, he’s right to be concerned. An excessively tight monetary policy from the Fed helped to get him elected, and could contribute ...

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Asia’s big trade pact will hurt the global economy

From a political perspective, India’s decision overnight to walk away from immediate involvement in a trade zone encompassing half the world’s population and a third of its economy is good for almost everyone. The government of Prime Minister Narendra Modi no longer needs to make difficult concessions on agricultural trade. Other members of the Regional Comprehensive Economic Partnership group (RCEP) ...

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Yes Bank should cut loose talk and close this rescue

Yes Bank Ltd. has changed. In the past, the troubled Indian lender kept quiet rather than tell shareholders the truth about its bad loans. Now, under new management, it can’t stop talking about an impending rescue. If the former approach nearly destroyed the bank, this latest strategy isn’t going to help fix it. In early September, CEO Ravneet Gill told ...

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