MSI

American and European monetary authorities are facing sharply rising inflation pressures, widening budget deficits, increasing public debt, slowing economic growth, soaring energy prices, uncontrollable fighting in the Middle East, and an outburst of European military hostilities. The question is no...

A good preview of next week’s U.S.-China summit in Beijing (May 14-15, 2026) is a discussion China’s Premier Li Quiang had on May 7, 2026, with visiting American senators, led by Steve Daines, a Republican from Montana. According to China’s official media, Premier Li told the American delegati...

Bilateral trade and investment flows are the most reliable indications of the current state and likely future directions of U.S.-China relations. Last year, the U.S. trade deficit with China declined 31.6 percent from 2024, with Chinese exports to America falling 29.7 percent and U.S. exports to Chi...

A relative stability of the European single currency over the last twelve months has more to do with the dollar’s weakness than with an appropriate policy mix followed by the European Central Bank (ECB). Based on the trade-weighted exchange rate during the last twelve months, the value of the euro...

Halving its exports to the US in the first two months of this year, while raising total export sales by 22 percent is a result of China’s successful trade diversification policy. The way Beijing has achieved that trade adjustment process deserves particular attention. For the first time, one can s...

Independent monthly business surveys offer the most reliable evidence of the economy’s business cycle position and its short-term growth outlook. Survey data collected by the U.S. purchasing agents about production, sales, inventories, employment, prices and intangibles, such as business and consu...

Those who are still guessing about the new world order should look carefully at the unfolding U.S., China and Russia relations. A widely assumed world order with the United Nations at its core has lost the little relevance it ever had. Big power relations have always been the predominant form of run...

The guessing game behind Beijing’s economic growth forecasts looks like a way to show China naysayers incompetent and their agenda ideologically biased. And incompetent they are, because China’s this year growth estimate between 4.5 percent and 5 percent is fully consistent with the country’s ...

Washington’s long overdue realignment of terms of trade with the rest of the world has not interfered with expected behavioral relationships in an open and free market economy. The GDP statistics for 2025, released February 20, 2026, show that U.S. imports of goods and services last year increased...

Mainstream media can be forgiven for misunderstanding the reasons of the European monetary union’s sluggish economic growth. But it is quite a different problem when European leaders call for grandiose policy programs while ignoring structural problems that are undermining their epochal project of...