Double-whammy of higher U.S. yields and stronger dollar, with peak deglobalization still to come Most people think my newsletter is only about sovereign debt. This is a fair assumption: after all, “sovereign” is in the name. But it’s also about deglobalization, geoeconomic fragmentation, slowbalization. Or whatever other convoluted term you want to label the post-2016 […]

With global public debt at $100 trillion, many countries need more IMF-World Bank help. Now that the dust has settled over last week’s IMF-World Bank Annual Meetings here in Washington, D.C., I can’t help but feel underwhelmed. The meetings have achieved only incremental progress at a time when bold measures are needed to foster growth, […]