President Donald Trump’s $1.5 trillion of tax cuts have to be funded somehow. Step forward ever more US Treasury bills and notes. As the bulk of the new supply is coming at five-year maturities or less, that’s having a pronounced effect on the US yield curve. And markets on the other side of the world are starting to feel it. ...

Last Sunday, 13,000 people took to the streets of Berlin carrying signs like ‘Renters Aren’t Lemons.’ Despite Germany’s tenant-friendly laws, a tide of gentrification is gradually turning Berlin from the ‘poor’ capital of cool into another generic hipsterville. The city calls it ‘rent madness.’ The smallest increase in rents between 2007 and 2016 was 34 percent in Marzahn-Hellersdorf, an area ...

This seems to be the year when Americans hit the pause button on the advance of technology in their daily lives and grapple with how we got here and where we’re going. My Bloomberg colleague Tyler Cowen has written about a looming clash between the values of Washington, DC, and the values of the San Francisco Bay Area. They are ...