What’s the point of the tariffs?

The “good news” now being heralded by the US media and the administration: the take from tariffs surged to $31bn in August, setting new monthly high for 2025. Secretary of the Treasury Scott Bessent s

We must be getting close to the end of one thing… and the start of something else. The thing whose end is nigh is the bubble on Wall Street. As a bubble inflates, the lightest, lowest-quality stocks f

engelsbergideas.com Trade conflict and coercion, protectionism and industrial policy, and broad definitions of national security are now increasingly familiar features of the fragmenting global order

Issue of the week: the battle for the ...

What a pity they are almost all dead. The Argentines who were around in the 1940s and ’50s, and old enough to remember Evita and to know what was going on. They could have come to Washington and reliv

“We’ll have a majority [on the Federal Reserve Board] very shortly… People are paying too high an interest rate… We have to get the rates down a little bit,” says Donald Trump. The US president isn’t