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All-weather investing

The world has changed. We are living through a pivotal time in history, marked by geopolitical realignment, high inflation, volatile financial markets and the end of a 40-year period of declining inte ...More

EJ Insight2022-08-19

A bold and realistic energy transition

Record growth in renewables, representing over 80% of all new power-generating capacity last year, is the clearest sign yet that the energy transition is gathering pace. But recent events have shown t ...More

EJ Insight2022-08-18

Holes in the recession story

With so much talk of stagnation, inflation, and stagflation in recent months, it is worth questioning whether the prevailing pessimism is justified. While I have shared in the gloom (warning early on ...More

EJ Insight2022-08-18

Can gender equality be saved?

Sudanese protester Alaa Salah became a symbol of her country’s revolution after standing atop a car, dressed in white, and singing to her fellow demonstrators. Ugandan climate-justice activist Vanessa ...More

EJ Insight2022-08-17

Taking back the ocean

Earlier this summer, the United Nations convened its Ocean Conference (UNOC) in Lisbon, Portugal. The goal was to “to propel much needed science-based innovative solutions aimed at starting a new chap ...More

EJ Insight2022-08-16

How India can sustain rapid economic growth

One country stands out from the gloomy overall tone of the International Monetary Fund’s recent update of its World Economic Outlook. Against the backdrop of tepid 3.2% global growth in 2022, the IMF ...More

EJ Insight2022-08-15

From Great Moderation to Great Stagflation

The world economy is undergoing a radical regime shift. The decades-long Great Moderation is over. Coming after the stagflation (high inflation and severe recessions) of the 1970s and early 1980s, the ...More

EJ Insight2022-08-11

Chess and geopolitics in the supercomputer era

For centuries, chess has been a metaphor for war in myth and in literature. In the next world championship match, which will take place in 2023 between Russia’s Ian Nepomniachtchi and China’s Ding Lir ...More

EJ Insight2022-08-10

Why the Inflation Reduction Act is a big deal

US Senate Democrats’ compromise bill, the Inflation Reduction Act (IRA) of 2022, addresses not just inflation but also several key longstanding problems facing our economy and society. There is a simm ...More

EJ Insight2022-08-09

Biden’s summer of legislative love

When it comes to the United States Congress, nothing is ever over until it’s over. But as of late July, it looks as though two major pieces of legislation will soon be on President Joe Biden’s desk, a ...More

EJ Insight2022-08-08

Counting queers

“What is your sexual orientation?” In Brazil, where queer people have historically been ignored and excluded from official statistics, this question holds special significance for the LGBTQ+ community ...More

EJ Insight2022-08-08

Ending the age of scarcity

The current escalation of multiple, overlapping crises – climate-related disasters, a pandemic, war in Europe, and stagflation – is intensifying anxiety and uncertainty the world over. Conventional so ...More

EJ Insight2022-08-05

America’s China challenge

At this year’s Aspen Security Forum (which I co-chair) in July, China’s ambassador to the United States, Qin Gang, appealed for better understanding of his country. But there was considerable debate a ...More

EJ Insight2022-08-05

The G20 in an age of war

Last October’s G20 Leaders’ Summit – held in Rome, and hosted by then-Italian Prime Minister Mario Draghi – produced a declaration brimming with promises to “address today’s most pressing global chall ...More

EJ Insight2022-08-05

Russia’s looming defeat in Ukraine

It is easy to see who is losing the most from the Russian invasion of Ukraine: Ukrainian civilians, victims of war crimes and missile terror, and the millions around the world for whom food is now mor ...More

EJ Insight2022-08-04

America’s wage-price persistence

Recent price- and wage-growth data make it increasingly clear that the US economy’s underlying inflation rate is at least 4% and more likely to be rising than falling. Although the Federal Reserve has ...More

EJ Insight2022-08-03

Fiscal policy should return to fundamentals

Recent large interest-rate hikes by the US Federal Reserve and the European Central Bank suggest that monetary policymakers are intent on moving forcefully to bring down inflation. But where are the s ...More

EJ Insight2022-08-02

The ECB’s political overreach

In mid-June, as the yield on Italian ten-year bonds was rising to around 250 basis points above that of German bonds, the European Central Bank felt it necessary to hold a special Governing Council me ...More

EJ Insight2022-07-29

A decade of 'whatever it takes'

This month marks an important anniversary. On July 26, 2012, the European Central Bank’s relatively new president, Mario Draghi, famously declared that, “the ECB is ready to do whatever it takes to pr ...More

EJ Insight2022-07-27

Confronting the growing drought risk

Drought may be an ancient scourge, but it is getting worse. No region or country today is immune to its effects. Southern Europe is in the grip of a severe drought – the worst in 70 years for Italy. I ...More

EJ Insight2022-07-26

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