Bloomberg Argentine voters will give President Mauricio Macri a good indication of the risks to his reform program in primaries on Sunday as ex-President Cristina Fernandez de Kirchner returns from the political shadows to the mainstage. Argentines are voting to select candidates to stand in legislative elections of October 22. Candidates from all parties are on the same ballot in …

Southern Gothic is a literary genre and, occasionally, a political style that, like the genre, blends strangeness and irony. Consider the current primary campaign to pick the Republican nominee for the US Senate seat vacated by Jeff Sessions. It illuminates, however, not a regional peculiarity but a national perversity, that of the Republican Party. In 1985, Jefferson Beauregard Sessions III—the …

Former Federal Reserve Chairman Alan Greenspan is worried about a bond bubble. “By any measure, real long-term interest rates are much too low and therefore unsustainable,” Greenspan said in a recent interview. “When they move higher they are likely to move reasonably fast. We are experiencing a bubble, not in stock prices but in bond prices. This is not discounted …