Germany’s refusal to use fiscal policy, in the form of a big and quick stimulus, to ward off recession is a serious problem for the global economy. This excessive caution is enshrined in a balanced-budget law known as the “debt brake.” Several other countries have been emulating it, or thinking about doing so. They shouldn’t. And Germany should reconsider the ...

Snatch-and-grab is the new hallmark of Indian finance. As a banker friend in Mumbai put it to me only half-jokingly, a unit of “grabbed” cash collateral in hand is worth more than two units of hypothetical receivables. Yet this is no laughing matter. Not only is opportunistic behaviour going to worsen India’s $200 billion-plus bad loan crisis, but now that ...

WeWork’s valuation keeps sliding. SoftBank Group Corp., its largest outside investor, is now targeting $8 billion through a rescue package it’s putting together, according to Bloomberg News. But Masayoshi Son ought to be careful. While the deal may set a floor under WeWork, it could also diminish his standing along with SoftBank and its $100 billion Vision Fund. Mere months ...