Milton Ezrati

It would take years for the yuan to unwind the dollar's well-entrenched dominance over global transactions.

The first quarter decline in GDP is the result of a surge in pre-tariff imports not a reflection of a slowing economy.

Bad trade policy helped prolong the Great Depression. Even a muted repeat of this experience is terrifying.

German dependence on China and its foolhardy energy policies have brought low what was once an economic colossus. With tariffs and cabinet instability on the horizon, its prospects are unlikely to improve. 

The Federal Reserve’s primary economic policy tool, the interest rate, is also a macro-signal of the economy’s health. 

European sales in America enjoy a cost reduction, whereas American sales in Europe pay the value added tax. From this perspective, Trump has a point.

Europe’s fate hangs—more than it should—on Italy’s February 24 election. So does the stability of global financial markets. If the vote goes the wrong way, toward former Prime Minister Silvio Berlusconi’s People of Freedom Party or the antiestablishment Five Star Movement, the strains on Europe’s common currency will stretch to the breaking point and the […]

“It is simply silly to worry that a foreign firm would buy production facilities in the United States and then deny American buyers access to the output.” To note that Washington’s policies often contradict each other is as commonplace as announcing that the sun rises in the east. Nonetheless, some instances are general enough and […]

“It is simply silly to worry that a foreign firm would buy production facilities in the United States and then deny American buyers access to the output.” To note that Washington’s policies often contradict each other is as commonplace as announcing that the sun rises in the east. Nonetheless, some instances are general enough and […]

People and companies in China—indeed in business communities around the world—have eagerly embraced Beijing’s promises to enact policies that will restore the nation’s economic momentum. However, disappointment has always followed. It is beginning to look as though China’s leadership simply does not know what to do. This conclusion is entirely plausible since China’s economic and […]