Each side of the UK’s 2016 Brexit debate peddled an economic narrative. Remainers warned of big economic costs from leaving the European Union. Leavers promised Brexit dividends: budget savings to be spent on the National Health Service (NHS), freedom from red tape, ‘frictionless’ EU trade and a host of new trade deals that would be a boon to exporters. These ...

One of my mottos is: Don’t criticize something unless you have a better idea. I’ve decried President Donald Trump’s tariff tactics, so it’s only fair I offer my own strategy for fighting a trade war with China — one with a bigger chance of success and smaller downside risk. Trump is right about China but wrong in his method. Yes, ...

Investment-bank dealers have been painted lately as the villains in some of the biggest bouts of volatility in global markets. When Italian bond yields spiked last month, traders complained that dealers refused to offer quotes, meaning investors couldn’t exit their positions as losses piled up. A study this month from the UK’s Financial Conduct Authority found that during the pound’s ...