NEW YORK  —  The world economy is lurching towards an unprecedented confluence of economic, financial, and debt crises, following the explosion of deficits, borrowing, and leverage in recent decades.In the private sector, the mountain of debt includes that of households

NEW YORK  —  In 2021, the big debate about the outlook for the global economy focused on whether the rising inflation in the United States and other advanced economies was transitory or persistent.

NEW YORK  —  The new reality with which many advanced economies and emerging markets must reckon is higher inflation and slowing economic growth.

NEW YORK — Rising inflation in the United States and around the world is forcing investors to assess the likely effects on both “risky” assets (generally stocks) and “safe” assets (such as US Treasury bonds).

NEW YORK — Despite dips and disruptions from new variants of COVID-19, 2021 turned out to be a relatively positive year for economies and markets in most parts of the world.

NEW YORK — About half-a-year into Joe Biden’s presidency, it is time to consider how his administration’s economic doctrine compares to that of former president Donald Trump and previous Democratic and Republican administrations.The paradox is that the “Biden doctrine” has more i

NEW YORK — After the most severe global recession in decades, private and official forecasters are increasingly optimistic that world output will recover strongly this year and thereafter. But the coming expansion will be unevenly distributed, both across and within economies.

NEW YORK — Joe Biden has consistently held a wide polling lead over US President Donald Trump ahead of November’s election.

NEW YORK — In February, I warned that any number of foreseeable crises – “white swans” – could trigger a massive global disturbance this year.