Euros & Dollars: The Inevitable Swedish Euro Accession
A combination of ominous economic forces beyond the control of the government will make minced meat of Sweden’s euro-skeptic holdouts.
A combination of ominous economic forces beyond the control of the government will make minced meat of Sweden’s euro-skeptic holdouts.
The U.S. Congress has ignored the budget deficit for decades. Debt investors have almost run out of patience. Will Congress address the problem—or continue to play for time?
Donald Tusk has accused the National Bank of Poland of manipulating interest rates to help his predecessor win last year’s election. Here is ample proof that Tusk has no case.
The prospect for lower interest rates in Europe is fading, but the reason has nothing to do with the European economy. The reason is found on the other side of the Atlantic Ocean.
Economists have failed to explain Europe’s economic stagnation. Here is an explanation they have not considered.
One would have to go back to Soviet times to find a more authoritarian polity in Russia.
The U.S. Treasury keeps selling a lot of short-term, expensive debt when long-term debt is demonstrably cheaper. Why?
Nine EU states are now in a recession. The ECB can help the continent ease the downturn, but they are up against bigger forces of economic stagnation.
By supporting the “European project”, Catholic bishops often forget that they ask voters to back today’s MEPs who favour abortion and euthanasia.
Many analysts think that today’s interest rates are the exception and that rates should always be low. History tells a different story.
Whatever—or whoever—caused Navalny’s death, it is a clear signal to the world that Russia’s leader will not tolerate internal opposition.
The Left won’t forgive the media outlet for its decisive role in the development of Éric Zemmour’s political persona—and success.
With facts and logic speaking against the green transition, countries headed for an economic recession should urgently rethink their energy policies.
Anyone proposing more U.S. defense spending with borrowed money should consider what happens when increasingly uneasy investors have had enough of U.S. debt.
A review of the past 60 years of inflation and monetary policy shows why the Fed must be conservative as it considers rate cuts later this year.
Low inflation and rising unemployment suggest that the ECB will soon abandon its tight monetary policy.
The system that is used to measure a nation’s economy is so complex that it would take a group of national-accounts experts to even attempt to forge the data.
There are two quiet trends at work in the market for U.S. debt that analysts normally do not pay attention to. They should: if these trends continue, there will be turmoil in the market.
There is a big need for structural reforms to the Slovakian welfare state. Such reforms require a level of political leadership that Europe so far has only seen in Hungary.
Questions have been raised about the veracity of the IMF report showing Russian economy outperforming the West. But it is extremely difficult to falsify GDP data.
Despite differences in inflation rates and macroeconomic trends, many central banks make their policy decisions based on what the Federal Reserve does.
Finally, the U.S. Treasury is doing something to curb the rise in debt costs. But is it too late already to prevent a fiscal crisis in America?
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