Trump 2.0's aggressive trade and foreign policies have sent nations scrambling to adjust. Canada has been one of the US administration's top targets. Many world leaders, hoping America's new approach would be temporary, have sought to appease POTUS47. However, Prime Minister Mark Carney understood quickly a New World Order was replacing the post-WWII system. Borrowing … Continue reading Oh Canada!: Coping With Trump 2.0
Category: G7
Can the United Kingdom Be Fixed?
26 May 2026 Recent elections in Hungary and the Netherlands, along with Trump 2.0's flagging support, led some to speculate that world-wide political populism may be peaking. However, these hopes were dashed by the UK local election results in which Reform UK was the big winner, and nationalist parties took control in Scotland, Wales, and … Continue reading Can the United Kingdom Be Fixed?
Global Government Debt: Balloon Still Expanding
11 June 2024 Government efforts to mitigate the economic consequences of the Global Financial Crisis (GFC) and the Covid pandemic have led to surging government debt. In the United States, for instance, public sector liabilities are approaching levels not seen before in peacetime (Chart above). And, while I will discuss important differences between countries and … Continue reading Global Government Debt: Balloon Still Expanding
Germany: Curing Europe’s Sick Man?
15 October 2023 Once admired as Europe's growth engine, Germany is now being identified as the region's "sick economy". Indeed, Germany's post-Covid recovery has lagged far behind the world's other advanced countries (Chart below). And, the nation's underperformance pre-dates the pandemic. What lies behind Germany's growth malaise, and can Europe's "Sick Man" be cured? To … Continue reading Germany: Curing Europe’s Sick Man?