Falling yields on German government debt is the sign of a classic ‘risk-off’ mentality. As fear grows, investors plump for safety. But where’s the crisis in Europe? Yields on 10-year bunds have fallen steadily by 30 basis points in the past two months. And German notes out to eight years are now in negative territory. It’s hard to fathom why. ...

It’s unclear what UK Prime Minister Theresa May hoped to get from leaders of the European Union (EU) at their recent summit. As things turned out, she got less than nothing — a public brush-off that further weakened her standing at home, if that were possible. Her Brexit strategy has collapsed, and nothing is to be gained by persisting with ...

The ‘everything bubble’ is deflating. The fact that it’s happening relatively slowly shouldn’t blind us to the real threat: The world is dangerously underestimating how hard it’ll be to deal with the fallout once it pops. Frothy markets can’t disguise the warning signs. The shift to tighter monetary policies in the West is putting pressure on global equity and real ...