The markets are uninspired by the Trump tax plan

3 days 8 hours ago
REMEMBER why the "Trump bump" began, all the way back in November? The rationale for the surge in stockmarkets was that the new administration would cut taxes and allow American growth to accelerate. And so we waited for the details. When they came yesterday, it was only a one-page set of bullet points, containing around 200 words.

Markets uninspired by Trump tax plan

3 days 8 hours ago
REMEMBER why the "Trump bump" began, all the way back in November? The rationale for the surge in stockmarkets was that the new administration would cut taxes and allow American growth to accelerate. And so we waited for the details. When they came yesterday, it was only a one-page set of bullet points, containing around 200 words.

A market-related twist to the Dortmund bombing

1 week 2 days ago
WHEN three explosive devices hit a bus carrying the Borussia Dortmund football team on April 11th, it was immediately assumed that it was another Islamist attack. Notes were found at the scene of the crime alleging that Islam was the motivation, with the author claiming a link to the terrorist group Islamic State.

Is inequality here to stay?

4 weeks 1 day ago
IN HIS bleak economic history “The Great Leveler” (reviewed here), Walter Scheidel suggests says that inequality has been around ever since humans began farming and that only the “four horsemen”—mass warfare, genuine revolution, state collapse and pandemics—have managed to bring it down since.

Donald Trump, trade and the new world order

1 month 1 week ago
TWO months into the Trump administration and we have had more sound and fury than concrete proposals about its economic agenda. The most alarming sign so far is that America forced the G20 to drop a pledge about resisting “all forms of protectionism” from a joint statement but this may be purely symbolic.

The hole in Western finances

1 month 2 weeks ago

HAVE western governments, faced with angry voters, lost the ability to raise taxes? The question is raised by a farcical U-turn by the British government over a budget measure announced a week previously. The government retreated in the face of backbench opposition and the right-wing press.

The hounding of Owen Jones

1 month 2 weeks ago
IN THE big scheme of things, the retreat of a Guardian columnist from social media is not a huge event—it will be drowned out by the latest antics of Donald Trump, the extraordinary diplomatic dispute between the Netherlands and Turkey, the triggering of article 50 by the United Kingdom and Scotland’s push for a second independence ref...

The ouija-board theory of democracy

1 month 3 weeks ago
EVER since the June 2016 referendum vote in Britain on membership of the European Union, there has been a battle over the terms of departure. The government, and right-wing press, are averse to there being any kind of scrutiny over the process by either the courts or Parliament.

Euphoria returns to markets

2 months 1 week ago

LIKE the weather in Chicago, you don’t have to wait long for a new trend in the stockmarkets. Just a few weeks ago, investors seemed to have second thoughts about their Trump-related euphoria (which itself was a contrast to the widespread nervousness ahead of the election). Now they have been recording new highs again.
Checked
1 hour 12 minutes ago
Analysis of the ever-changing financial markets (Wall Street trades used to take place under a Buttonwood tree)
Subscribe to The Economist: Buttonwood's notebook feed