Why supply chain disruptions are reminiscent of the financial system breakdown in the Global Financial Crisis Supply chain woes have swamped the news recently. This is not surprising. The complex machine that is the globalized supply chain has had the

The third quarter began on an upswing. Covid-19 was in the rear-view mirror – or so it seemed. Growth was accelerating. Across America and Europe, holidaymakers eagerly planned summer vacations. Expectations were high for a “normal” return to work and

No wonder investors are showing signs of concern with more demand for protection against downside risks than appetite for betting on unexpected upside. Worrying news on global risks are top of mind this morning — from China’s faltering Evergrande property

As the summer ends, there is much to talk about on the global outlook for the economy and markets. But first, a pause to remember the sunny September morning, 20 years ago, when the United States and the world were

Federal Reserve Chair Jerome Powell held his nerve and steadied those of the markets on Friday, when he spoke — virtually — at Jackson Hole. He managed to sound sufficiently alert to concerns about rising prices to calm those worried