Israel and Iran are Likely to Escalate

Israel and Iran are Likely to Escalate

Regardless of whether one agrees with Israeli political and military leaders’ assessment of the threat posed by Iran, a further escalation of the conflict between the two countries is now highly likely. Policymakers and financial risk managers may be hoping for...
Kamala Harris’s Economic Priorities

Kamala Harris’s Economic Priorities

Although some of Kamala Harris’s policy proposals remain vague, there is little question that her fiscal, trade, climate, immigration, currency, and China policies would be quite different from her opponent’s. Donald Trump’s agenda is much more likely to cause...
China Confronts the Middle-Income Trap

China Confronts the Middle-Income Trap

While China obviously needs to boost private-sector confidence and revive growth with a more sustainable economic model, it is not clear that Chinese leaders fully appreciate the challenges they face. The shift back to state capitalism over the last decade is plainly...