The "bicycle theory" used to be a metaphor for international trade policy. Just as standing still on a bicycle is not an option – one must keep moving forward or else fall over – so it was said that t ...More
EJ Insight2019-11-28
The language of international monetary policy has turned militaristic. The phrase “currency war” has now been popular for a decade, and the United States government’s more recent “weaponization” of th ...More
EJ Insight2019-10-24
The trade war between the United States and China is heating up again, with US President Donald Trump abruptly announcing plans to impose a 10 percent tariff on the US$300 billion worth of imports fro ...More
EJ Insight2019-08-12
The US Federal Reserve has some reasons to cut interest rates at its July 31 meeting, or subsequently if the US economy weakens. (There is also a case for holding rates steady, if growth remains as st ...More
EJ Insight2019-07-26
Earlier this month, US President Donald Trump suddenly revealed that a trade agreement between the United States and China was not imminent after all. On the contrary, on May 10, the Trump administrat ...More
EJ Insight2019-05-24
One of US President Donald Trump’s two intended nominees to fill vacancies on the US Federal Reserve Board of Governors – Herman Cain – has now withdrawn. Trump’s other potential pick, Stephen Moore, ...More
EJ Insight2019-04-29
President Donald Trump has postponed until at least April the supposed deadline for concluding the United States’ current trade negotiations with China. A good outcome for both sides would be reache ...More
EJ Insight2019-03-22
Since its introduction two decades ago, the euro has faced serious challenges. So far, it has survived intact. Yet, on the common currency’s 20th anniversary, it is worth identifying problems that h ...More
EJ Insight2019-01-28
The world is in a trade war, and there is no sign of peace breaking out anytime soon. By now, the disruption to trade appears extensive enough to factor negatively into forecasts for economic growth. ...More
EJ Insight2018-11-27
US President Donald Trump acts as if he has pulled off a smashing victory by replacing the North American Free Trade Agreement (NAFTA) – supposedly “the worst trade deal ever” – with the new United St ...More
EJ Insight2018-10-10
Next month, the US Department of the Treasury is due to submit to Congress its biannual report detailing which countries, if any, are manipulating their currencies to gain an unfair trade advantage. F ...More
EJ Insight2018-09-21
The United States economy is doing well. But the next recession – and there is always another recession – could be very bad. The US Bureau of Economic Analysis estimates that GDP growth in the second ...More
EJ Insight2018-08-28
《華盛頓郵報》/沙爾學院7月11日發布的美國民意調查顯示，只有39%受訪者認同美國總統特朗普對外國徵收關稅，5 ...全文
今日信報理財投資博集先機Robert J. Shiller2018年07月27日
American presidents are supposed to take America’s side when dealing with other countries. When Barack Obama was (falsely) accused of starting his term with a Middle East “apology tour”, it was unders ...More
EJ Insight2018-07-24
The recent stock-market correction – the first in the United States in two years – has invited substantial commentary about what investors should do, the role machines have played, and the implication ...More
EJ Insight2018-02-26
US President Donald Trump and congressional Republican allies have succeeded in passing their big tax legislation. While it lacks many of the desirable attributes of true tax reform, it amounts to a ...More
EJ Insight2018-01-16
Inequality has become a major political preoccupation in the advanced economies – and for good reason. In the United States, according to the recently released World Inequality Report 2018, the share ...More
EJ Insight2018-01-03
Congressional Republicans must, President Donald Trump has commanded, pass their sweeping US tax bill by Christmas. Otherwise, they will have no major accomplishment to show for an entire year during ...More
EJ Insight2017-11-27
US President Donald Trump’s administration is expected, by Nov. 2, to announce its choice, subject to Senate approval, to succeed Janet Yellen as chair of the Federal Reserve Board in February 2018. T ...More
EJ Insight2017-10-27
