Is the world in a trade war?

Protectionism has been the worst nightmare of policymakers since the earliest days of the financial crisis. It has become an article of faith among economists that protectionist policies during the 1930s exacerbated the Great Depression, and everyone knows full well that adopting similar practices today would have the same disastrous …

Are old wounds Asia’s fatal flaw?

Asia’s march to greatness sometimes has an inevitable quality about it. The center of economic gravity is relentlessly shifting from West to East. China will overtake the U.S. as the world’s No.1 economy. India won’t be far behind. We’ve heard these types of predictions so many times that we’ve come to accept them as undeniable …

Can Mergers Lift The Markets?

The air is rife with merger news. Southwest Airlines is bidding for Air Tran, Walmart is planning to buy Massmart Holdings of South Africa and Unilever just sealed a deal to acquire Alberto Culver at a 19% premium to Friday’s closing price. It almost feels like the Go-Go Eighties, with the Wall Street Journal struggling to squeeze all …

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