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 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

In 1972, Yale Hirsch, author of the Stock Trader’s Almanac, devised the January Barometer, which states that as the S&P index goes in January, so goes the year. By 2005, the barometer had claimed a 90

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 winners and losers of 2025 It felt ...

Issue of the week: Venezuela and the markets ...