Stocks? Down. The U.S. dollar? Same. Demand for U.S. bonds? Also sinking. This isn’t supposed to happen — not all three at once. But Barry Eichengreen sees a historic reaction where there’s really one common theme: a collapse in faith in the United States. “Global investors have concluded that there …
Read More »Trump may not be a ‘madman,’ but his foreign policy shows signs of it
The limits of U.S. President Donald Trump’s brand of extremely personalized, belligerent diplomacy have never been more apparent than with the negligible outcomes this week involving two of the world’s deadliest ongoing conflicts. In Gaza, Israel’s military shattered the tenuous ceasefire on Tuesday by inflicting the largest number of deaths in a single …
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