Finance & economics
Free exchange
Xi Jinping really is unshakeably committed to the private sector
He balances that with being unshakeably committed to state-owned enterprises, too
Buttonwood
The dangerous rise of pension nationalism
Pursuing domestic investment at the expense of returns is reckless
Retaliate, negotiate, repeat
Europe prepares for a mighty trade war
Will it be able to stick to its rule-abiding principles?
On the money
Betting markets are useful when politics is chaotic
Why, then, are they largely outlawed in America?
Halting his charge
Trumponomics would not be as bad as most expect
Opposition would come from all angles
Good cop, bad cop
How strongmen abuse tools for fighting financial crime
They can get Western governments and banks to crack down on exiled dissidents
Disappearing act
Why Chinese banks are now vanishing
The state is struggling to deal with troubled institutions
Free exchange
How much cash should be removed from the financial system?
Undoing quantitative easing provokes fierce debate
Buttonwood
America’s banks are more exposed to a downturn than they appear
To understand why, consider the ouroboros theory of financial risk
A sequence of zeroes
What happened to the artificial-intelligence revolution?
So far the technology has had almost no economic impact
In the wars
Ukraine has a month to avoid default
Lending to a borrower at war entails an additional gamble: that it will win