Saturday, March 24, 2018

The Trump Boom Is Making It Harder to See the Next Recession

When big shifts like recessions are on the way, economists just aren’t very good at predicting them.

The truth is that we really can’t foresee where the economy will be heading in a year or two, a limitation that is particularly troubling right now, in the midst of what may be called the Trump economic boom.

Read more

Monday, March 19, 2018

Making the Case for Sovereign GDP-Linked Bonds

The crises that erupted in countries like Ireland and Greece a decade ago would not have been so severe had their debt been linked to their economic performance. And the same is true today: Investors around the world will continue to accept the risk, given the unlimited upside to investing in entire economies.

Read more