America’s debt: sky-high and rising

The apologists for the relentless expansion in the size and cost of Britain’s public-sector debt like to point out that other major developed economies face a similar predicament. Although government

The run up to the Budget in November has already been dominated by headlines about a “meltdown” in the bond market and a yawning “£50bn” black hole that will have to be filled by more tax increases. S

“America has progressed from infancy to senility without passing through a period of maturity.” So said a character in one of Ian Fleming’s short stories in 1960. He was wrong then – or, was he, as so

The dots appear to contradict one another, puzzling observers. How to connect them? Inflation over the last five years has been double the Federal Reserve’s target. Why then, does it cut its key lendi

France’s wealthy have a “new nemesis”, says Denis Cosnard in Le Monde. Economist Gabriel Zucman’s proposal for a new wealth tax is dominating public discussion about how the country can close its gapi

“British gilts are the most undervalued financial asset on the planet,” says Ambrose-Evans Pritchard in The Telegraph. The UK ten-year gilt yields a decent 4.7%. Yet investors prefer to pile into bitc