The hegemon slips

Some good news for the US economy. The Federal deficit shrank for the fourth month in a row. Employment is picking up. The economy is booming. The Fox News team is comfortably convinced that when the

Here’s a “market paradox”, says Craig Mellow in Barron’s. The more the US government “trash talks Europe, the better it is for the euro”. The single currency has gained 13% against the greenback since

One of the least financially literate people I have ever met was a friend who as a teenager accumulated an unarranged overdraft of £50 on her newly opened bank account. Having been told she must recti

The final days of June last year were a wonderful time for vicarious lovers of bling. On the 22nd, the third season of Julian Fellowes’s lavish TV series, The Gilded Age, dropped on HBO. Just days lat

paulkrugman.substack.com America’s oligarchs have orchestrated an “unprecedented power grab”, says Paul Krugman. Ever since the Supreme Court’s “Citizens United” ruling, which removed all restrictions

Issue of the week: the return of tariff ...