
Trump’s Speech Rattles Markets
The speech on Iran accelerates the energy shock and leaves Washington increasingly isolated from its own allies.

The speech on Iran accelerates the energy shock and leaves Washington increasingly isolated from its own allies.

All indicators are down, but the crisis is primarily political.

As warnings of a Wall Street ‘correction’ grow louder, some European countries risk following suit. Others are more resilient.

Fear not the stock market. Fear politicians who use its drama as a pretext to do stupid things to the economy.

Financial markets are important to governments that need a lot of tax revenue to pay for their welfare states. The problem with taxes levied on financial markets is that they generate unstable revenue.