MSI

The three largest countries of this rapidly expanding organization have accelerated their drive toward closer and more comprehensive economic, political and strategic cooperation. The ongoing consultations show their concern that vast areas of mutual relations are inadequately covered, and that thei...

Cutting U.S. budget deficits, maintaining price stability and running a steadily growing economy is impossible under conditions of intensifying military operations in Europe, widening Middle East hostilities and dangerously rising tensions in East Asia. Europe is the best place to start untangling t...

Barring an inflation flareup, or an unlikely sudden weakness of the U.S. economy, the next interest rate change should wait until the meeting of the Federal Reserve’s (Fed’s) policy setting committee on March 18-19, 2025. That would give enough time to incoming legislative and executive authorit...

A key currency open economy, with a third of its GDP generated in the external sector, cannot rebalance aggregate demand on a steady and sustained growth path by restricting its participation in global commerce and finance. America’s incoming administration is facing excessive budget deficits (8% ...

After a 6% economic growth last year, this part of the developing world -- consisting of China, India, Indonesia, Malaysia, the Philippines, Thailand and Vietnam -- remains the fastest growing segment of global economy. And that will also be the case this year. Despite an expected slowdown to a 5.5%...

Trade has been the foundation of a European peace project after Germany led Europe twice during the last century to largest losses of lives the humanity has ever known. A fledgling customs union of six nations, founded by the Treaty of Rome on March 25, 1957, followed a successful European Steel and...

An excessive and totally unnecessary U.S. interest rate cut last September has stored a problem of price instability for the next American government facing a runaway public debt, huge budget deficits and unprecedented challenges to world peace and security. The Fed’s procyclical move is a major p...

And when that moment comes, Washington and Beijing will not be reinventing the wheel of a peaceful and productive modus vivendi. The two countries’ presidents talked -- and apparently agreed – about all those key issues during their meeting in Bali, Indonesia, on November 14, 2022. The same bila...

A 25-basis points interest rate cut this week is in the bag. But, as always, financial markets’ greed is pushing for more, prodding the Fed to “go big” -- with another quarter point bonanza. Traders have already taken some key U.S. money market rates in that direction. Will the Fed cooperate? ...

Washington has blissfully ignored decades of systematic and excessive trade deficits on its merchandize trade with China. And during that time, Beijing has tirelessly lectured Washington to embrace the mantra of the “win-win cooperation” instead of a “zero sum game” of another era. Here are ...