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
Tag: inflation
BOJ: Deflation Legacy = Continued Caution
As expected, the Bank of Japan (BOJ) raised interest rates 25bp to 1.25% at its September meeting. The decision reflects the resilience of the Japanese economy, and the ongoing inflation risk emanating from the conflict in the Middle East. However, life is likely to become more complicated for the BOJ. Specifically, I expect economic growth … Continue reading BOJ: Deflation Legacy = Continued Caution
Bond Markets: Mr. Warsh’s Education
Since March, when the US Congress began considering Kevin Warsh's appointment as Chairman of the Federal Reserve, bond yields have surged 75 basis points. Initially, financial markets were concerned about Mr. Warsh's ability to resist inevitable pressure from POTUS47. In particular, would he take a dovish approach to controlling above-target inflation. These fears intensified after … Continue reading Bond Markets: Mr. Warsh’s Education
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?