Recent Posts

Even $200bn cut annually won’t slash trade deficit

Questions remain about just how many more US exports China’s promised to buy to avert a trade war: US officials have floated the figure of $200 billion annually, which would cut the bilateral trade deficit in half. Even if that were true, however – and Chinese officials have denied it – that massive buying spree wouldn’t bring down the overall ...

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The beginning of end of forward guidance

Consistency in central banking is usually a virtue. But Brazil is proving that it’s not the highest virtue. One of the big features of monetary policy in the post-2008 era has been an increase in transparency among central banks, which were too secretive in the bad old days. Key to this transparency has been forward guidance, a clear telegraphing of ...

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Burberry needs a touch of that Markle sparkle

The sight of Meghan Markle’s mother carrying what looked like a Burberry outfit was enough to ignite speculation she’ll wear the brand to her daughter’s wedding. The British luxury group could certainly do with some Markle sparkle. Organic sales increased by an anemic 2 percent in the three months through March, trailing growth at rivals like LVMH Moet Hennessy Louis ...

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