Recent Posts

Brexit disarray points only towards disaster

The Brexit talks have started, and there’s little sign yet of an intelligible UK strategy. All is disarray. The shambles makes two bad possible outcomes more likely. One is that the UK will crash out of the European Union in 2019 with no agreement in place. This would cause enormous economic disruption — damage that would take years to repair. ...

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Greece shouldn’t be greedy in its second rehab attempt

Greece has decided to brave the waters with a new five-year benchmark bond, the first fresh deal for nearly three years. Fortune favors the brave — but not the greedy. For now, a successful return to the fixed income markets matters more than securing the very best terms or the most money. Greek bonds have been the stand-out performer in ...

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1997 legacy makes Indonesia’s balancing act harder

Never again. That’s the mantra of Indonesia’s class of 1998 — the officials who were young adults when the country plunged into the Asian financial crisis that began two decades ago this month. The question now is whether their understandable caution could hold back Southeast Asia’s biggest — and at times, most frustrating — economy. Most retrospectives of the crisis ...

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