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Economy

November 23, 2020 5:30 am

The Most Predictable Global Financial Crisis

Though the impending emerging market debt crisis may be predictable, it may not be avoidable.
Desmond Lachman
November 12, 2020 5:30 am

Budget Deficits Still Matter

Several of the world’s most indebted countries seem to think they can grow their way out of any amount of debt. Good luck.
Desmond Lachman
October 27, 2020 5:30 am

Who Wants to Give Italy a Free Loan?

With global financial markets awash in cheap credit, Italy is issuing zero-interest bonds and hoping that it can somehow avoid fiscal calamity.
Desmond Lachman
October 21, 2020 5:41 am

Fifty Trillion Reasons Why

How to understand the massive transfer in wealth to the top 1 percent—and what to do about it.
Gregg Hurwitz and Marshall Herskovitz
October 15, 2020 5:18 am

Brazil’s Public Spending Problem Is a Warning for Us All

The country was already in trouble before COVID-19. Now a currency crisis seems unavoidable.
Desmond Lachman
October 5, 2020 5:22 am

The European Central Bank Can’t Save the European Economy by Itself

The bank’s single mandate of price stability could create more economic instability in the long run.
Desmond Lachman
September 16, 2020 5:24 am

The European Central Bank Is Running Out of Options

How do you address a recession, a strengthening currency, a precarious banking sector, and deflation all at the same time?
Desmond Lachman
September 10, 2020 5:30 am

Worker-Focused Pandemic Relief Was a Success

But as Congress and the administration consider next steps, the fear of welfarism is colliding with sound policy and the principle of fairness.
Brent Orrell
September 4, 2020 5:07 am

“Opportunity Zones” Don’t Actually Work

If you were one of the die-hards who diligently sat through last week’s Republican convention, you heard a…
Stan Veuger
September 2, 2020 5:43 am

Europe’s Banks Are Not Ready for the Coronavirus Recession

Ten years after the international financial crisis, European banks seem dangerously unprepared for the depth of the coronavirus recession.
Desmond Lachman