It looks as if Vladimir Putin wants to be recalled as something besides being an aggressive autocrat. He yearns, it seems, to be seen as a leading political thinker, respected for his analysis as well as feared for his actions. This is a reasonable reading of Putin’s recent interview with the Financial Times, which included his remarkable declaration that the ...

Desperation is creeping into India’s economic policy-making. Having lost the fiscal plot, bureaucrats are trying to marshal resources by squeezing taxpayers, foreign investors, firms planning buybacks and even the central bank. Such overreach never ends well. Tax collections last year were a full 1 percentage point of GDP lower than the 7.9 percent the government had hoped to obtain. Rathin ...

For the bond market’s “tale of two cities,” look at Rome and Vienna. Both Italy and Austria have come to the market recently with ultra-long duration debt sales. It’s remarkable that the latter managed to get a 98-year issue away with a 1.17 percent interest rate, but Italy’s 48-year offer this week at a near 3 percent yield is pretty ...