Safe public debt can become a drag on aggregate demand even while the sovereign remains solvent. Its safety requires rollover support, market-making, and balance-sheet capacity. As these resources become scarce, the marginal cost of producing safe Treasury claims rises. The resulting fiscal adjustment reduces aggregate expenditure and can eventually outweigh the expansionary effect of increasing…
Most of the world seems to misunderstand why global capital is not financing the developing world’s climate transition. The real problem lies in the structure of price formation, which policymakers can best address by focusing on three key priorities.
NEW DELHI—The world possesses an enormous stock of long-term savings, and the Global South boasts…
EURUSD backs off from the 50% midpoint target at 1.1585. What next? !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}
Aug. 12, 2026, 6:57 a.m. ET The stock market has been slowly regrouping after a rout in July, an effort that hasn’t been completely smooth in a slightly bumpy August. Last week, Citadel Securities, one of the world’s biggest market makers, told clients that a technical reset in U.S. stocks was officially over, clearing the way…
Nomura’s European Economics team notes that Euro area August Purchasing Managers’ Index (PMI) showed resilient growth, led by a strong manufacturing rebound, while price pressures eased. Consumer inflation expectations also remained contained, supporting Nomura’s view that the European Central Bank (ECB) can still deliver a 25bp rate hike in September. Manufacturing strength and easing prices…
Silver price recovered some ground on Friday, up 0.84%, but it is poised to finish the week down over 6.50%. At the time of writing, XAG/USD trades at $56.00 per troy ounce, after reaching a new year-to-date (YTD) low of $54.77. XAG/USD Price Forecast: Technical Outlook The white metal ended the week on the back…