Recent Posts

A Japan-US pact looks like the opposite of free trade

Remember last month, when an agreement between the US and Mexico left the world thinking we were on the brink of a radical rewriting of the North American Free Trade Agreement?. Things haven’t quite gone to plan. With a touted September 30 deadline for an accord just days away, President Donald Trump went on a tirade about his dislike of ...

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Macron’s revolution is a long time coming

If you thought Emmanuel Macron would use his 2019 budget to rethink his increasingly unpopular presidency, think again. The French leader is doubling down on the pro-business agenda that he’s been pushing through since taking power last year. There’s nothing wrong with this. Macron’s pitch to voters was that he would speed up growth by cutting the role of the ...

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Why UK stocks are exiled to the Brexit doghouse

As the UK stumbles towards leaving the European Union, domestic investors are becoming increasingly gloomy about the outlook for the nation’s stocks. With a no-deal Brexit looking increasingly likely, their growing pessimism is justified. Investment manager Hargreaves Lansdown Plc just published its latest survey of UK retail investors. Sentiment toward domestic stocks is even worse than it was during the ...

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