Toward a North American Economic Union

Toward a North American Economic Union

To resolve their current tensions, Canada, Mexico, and the United States should start drafting plans for a North American Economic Union. A single market in goods, services, capital, labor, technology, data, and information would benefit all three countries far more...

The DeepSeek Surprise/Shock

In my modest opinion the DeepSeek surprise/shock is – counterintuitively – over time bullish for US and global stocks as it is another positive global aggregate supply shock that increases US/global potential growth and makes exponential AI even more...
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...