US President Donald Trump speaks at a gathering of congressional Republicans in Baltimore on September 12. Photo: Reuters
David Brown
Opinion

Opinion

Macroscope by David Brown

Donald Trump’s trade war can’t solve America’s problems, but it is creating plenty for the global economy

  • Since Donald Trump launched his tariff war, US trade and budget deficits have only grown, and now the US economy is slowing
  • It would be better to tame runaway US consumerism and start policy coordination with other major powers to stave off a recession

TOP PICKS

US President Donald Trump speaks at a gathering of congressional Republicans in Baltimore on September 12. Photo: Reuters
READ FULL ARTICLE
Monitors display stock market information at the Nasdaq MarketSite in Times Square, New York, on September 6. The main reason for stocks’ resilience has been policymakers’ determination to loosen monetary policy to prevent this late-cycle economic slowdown from turning into a full-blown recession. Photo: Bloomberg
Patrik Schowitz
Opinion

Opinion

Macroscope by Patrik Schowitz

From the trade war to Brexit and the Hong Kong turmoil, simmering political issues remain a threat to global growth

  • Recent positive developments in some of the major issues weighing on markets, including the US-China trade war and Hong Kong’s protests, offer a welcome respite. But economic fundamentals remain weak and policymakers’ toolboxes are limited

TOP PICKS

Monitors display stock market information at the Nasdaq MarketSite in Times Square, New York, on September 6. The main reason for stocks’ resilience has been policymakers’ determination to loosen monetary policy to prevent this late-cycle economic slowdown from turning into a full-blown recession. Photo: Bloomberg
READ FULL ARTICLE