I have been presenting my new book The Globalization Paradox to different groups of late. By now I am used to all types of comments from the audience.
Financial markets are increasingly certain that a Greek debt restructuring is coming, and European policymakers fear the worst.
The dilemma is that any depreciation of sterling increases the level of imported inflation that is not offset by spare capacity in the economy.
Today, many pundits argue that other countries' rising power and the loss of American influence in a revolutionary Middle East point to the decline of "American hegemony."
EU policymakers are too pre-occupied by the real problems posed by too-big-to-fail banks, and too terrified by the potential collapse of weaker banks, to allow such a solution.
Precisely because so much emotion has been invested in QE, the psychological effects of returning to normalcy are going to be perilous and unpredictable.
The killing of Osama bin Laden is a milestone, not a turning point, in what remains an ongoing struggle with no foreseeable end.
Why did Greece, Ireland, and Portugal have to seek shelter under the European Union's rescue umbrella, and why is Spain a potential candidate?
In October 2010, the current brothers of George W. Bush's former fraternity at Yale, Delta Kappa Epsilon, marched through the first-year quad chanting, "No means yes! Yes means anal!" They held up signs reading, "We love Yale Sluts."
The world's 20 most important finance ministers and 20 most important central bankers traveled to Washington this month from every part of the globe to accomplish, predictably, exactly nothing.
As the price of nuclear power steadily rises and that of renewables falls, inevitably the cost curves will cross. The only question is when
The longer the US postpones the day of reckoning, the greater the risk to the dollar's global standing as the world's main reserve currency, and to the attractiveness of US government bonds as the true "risk-free" financial benchmark.
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