Europe suffers not so much from a ‘flight’ of savings as from insufficient allocation to equities
Europe exports a large surplus of savings outside the continent each year. This column argues that this should not be interpreted as a capital ‘flight’:
Global economic outlook hangs in balance between geopolitical headwinds and AI boost, WEF Chief Economists’ Outlook warns
Chief economists already rank the current closure duration of the Strait of Hormuz as significantly more disruptive than last year’s tariff turmoil. The global economic
Ruling for the rich: Evidence of a pro-wealthy bias on the US Supreme Court
There have long been concerns that US Supreme Court decisions increasingly favour economic elites. This column analyses 1,782 cases from 1953 to 2022 to examine
Showing up in the Alps: The economic value of Davos
Attending the World Economic Forum in Davos is costly, with estimates ranging between $20,000 and $70,000 per delegate. This column uses data on attendees from
Wealth shocks tilt the balance toward self-insurance for long-term care
When older adults need paid long-term care, most rely on their own assets unless they hold private long-term care insurance or qualify for Medicaid. This
How tariffs hurt the ones you love
US stock markets fell in response to the announcement of President Trump’s “Liberation Day” tariffs until the tariffs were paused a few days later. This
Mideast Stocks: Most Gulf markets end lower on weak oil
Most stock markets in the Gulf ended lower on Monday, pressured by weak oil prices, while investors awaited more corporate earnings reports. Oil prices –
Wall Street’s bull market nears three years old; history shows it may still have life
The U.S. stock market’s bull run is almost three years old, but if history is a guide, that would make it only middle-aged. The S&P
What corporate earnings calls reveal about the AI stock rally
The launch of ChatGPT in late 2022 marked a turning point in how firms and investors view generative artificial intelligence. This column measures the extent
European stocks fall, dollar steady, traders wait for Jackson Hole
Euro zone business activity expanded in August, PMIs show. European stock markets fell slightly in early trading on Thursday, hovering just below recent highs, as
