Best of the financial columnists

“The failure of economists to forecast recessions is virtually unblemished,” notes Prakash Loungani, assistant director at the International Monetary Fund (IMF). This includes the economists at the IM

We are in a real-life game of Risk. In 2019, Fiona Hill, an official at the US National Security Council during Donald Trump’s first term, said the Russians had informally proposed a plan whereby they

The development and future of capitalism

How’s the trade war going? Short answer: as badly as expected. Capricious tariffs have shown the rest of the world that the US cannot be trusted. And they have pushed trading partners away and closer

The Russian threat Controversy of the week “The ...

There is good news and bad news about the prospects for the UK economy. First, the good news. The UK’s problems are relatively easily solved. A lot of money is pointlessly being thrown down the drain