Milei shows the way

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 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

Libertarian president Javier Milei has been facing a gathering currency crisis after his party suffered a stinging defeat in local elections earlier this month. The peso has shed about a fifth of its

A dominant military, political instability and a reliance on foreign aid and bailouts are hardly hallmarks of successful economies. Yet Pakistan’s stockmarket is booming. The Karachi Stock Exchange KS

IN NORMAL TIMES, THE FIRST Friday of the month brings a routine tranche of government data known as the monthly jobs report. The markets react, the politicians preen, and most Americans go about their

“There is always someone worse off than you,” as Aesop reminded us. That also means there is always someone to feel superior to. In post-war Europe, Italy was the country everyone made fun of, dismiss