The US Election’s Chaos Quotient

The US Election’s Chaos Quotient

While hoping for a conclusive outcome on November 3 (or immediately thereafter), market watchers unfortunately must prepare for the worst. After all, US President Donald Trump and the Republicans are not even hiding their plans to steal the election. NEW YORK –...
Is the Almighty Dollar Slipping?

Is the Almighty Dollar Slipping?

Far from signaling its imminent demise as the main global reserve currency, the greenback’s sharp depreciation is to be expected in the current macroeconomic context. The forces that could erode the dollar’s hegemony remain slower-moving and farther off....
A Greater Depression?

A Greater Depression?

With the COVID-19 pandemic still spiraling out of control, the best economic outcome that anyone can hope for is a recession deeper than that following the 2008 financial crisis. But given the flailing policy response so far, the chances of a far worse outcome are...