Bloomberg Donald Trump is coming off one of his roughest weeks as president, at least in his critics’ eyes — instigating a government shutdown fight, provoking his defense chief’s resignation, abruptly pulling US troops from two global hotspots, and even thinking about firing the head of the US central bank. Yet, as hard as it is for the outside world ...

Markets, to paraphrase Nobel prize-winning economist Thomas Schelling, often forget that they keep forgetting. That’s especially true when it comes to the intractable challenges posed by global debt. Since 2008, governments around the world have looked for relatively painless ways to lower high debt levels, a central cause of the last crisis. Cutting interest rates to zero or below made ...

A conventional view is forming about what happens next in Brexit. If, as expected, parliament rejects Theresa May’s deal in January, a second referendum becomes inescapable. But there is an alternative: A general election. While calls for a second referendum have some logic, two big problems explain why May has so far ruled it out. First, it would be seized ...