Should investors continue
to assume that the US and UK are politically low risk economies?
Is the Federal Reserve an Independent
Central Bank?
https://www.bloomberg.com/opinion/articles/2019-01-09/fed-can-trump-fire-powell-only-custom-stands-in-the-way
Trump Has Likely Done Lasting Damage to the Fed
University of Oregon economist Tim Duy notes:
“The President is both setting in motion a crisis while undermining the institution that needs to respond to that crisis.”
“The President is both setting in motion a crisis while undermining the institution that needs to respond to that crisis.”
The Ghost of Trump Chaos Future
Nobel Prize winning economist Paul Krugman notes:
“Put an unstable, ignorant, belligerent man in the Oval Office, and he will eventually do crazy things.”
“Put an unstable, ignorant, belligerent man in the Oval Office, and he will eventually do crazy things.”
Have We Had Enough of the Imperial
Presidency Yet?
Fitch warns an extended shutdown could hurt
the U.S. credit rating
A Shut Down Government Actually Costs More
Than an Open One
Brexit Is Coming Down to a Game of
Brinkmanship
Like Greece, Brexit negotiations leave the
UK a rule taker from the EU
A very British farce
From the New Statesman:
“This absurd spectacle is absorbing the energy and
funding that should be devoted to Britain’s genuine problems: a chaotic new
welfare system (Universal Credit), an understaffed health service (there are
100,000 vacancies in the NHS), an over-centralised state, a lack of adequately
paid jobs (a record number of working families are in poverty), crumbling
infrastructure and a disturbing rise in rough sleeping (which has increased by
169 per cent since 2010). The profound social and economic discontent that underlay
the 2016 Leave vote is being carelessly neglected.”
--
Related:
https://www.economist.com/finance-and-economics/2018/12/08/why-investors-in-emerging-market-bonds-are-so-attuned-to-political-risk
https://www.economist.com/business/2016/09/15/risky-business--
Related:
https://www.economist.com/finance-and-economics/2018/12/08/why-investors-in-emerging-market-bonds-are-so-attuned-to-political-risk