The Trump administration is weakening the global trading system

The chips are down “SEEING POSSIBILITIES in potatoes” is the upbeat slogan of Lamb Weston Potato Products, Inc., an American exporter. But new trade deals mean that its foreign competitors have fewer obstacles blocking their view. One is the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), which came into effect on December 30th. Negotiated as […]

The dollar keeps weakening. Is that good news for the world?

AT THE start of 2017, just before Donald Trump was inaugurated as president, a survey of fund managers by Bank of America Merrill Lynch (BAML) found they believed that being positive on the dollar was “the most crowded trade”. It turned out they were right to be cautious. On a trade-weighted basis, the currency has […]

The dollar keeps weakening. Is that good news for the world?

AT THE start of 2017, just before Donald Trump was inaugurated as president, a survey of fund managers by Bank of America Merrill Lynch (BAML) found they believed that being positive on the dollar was “the most crowded trade”. It turned out they were right to be cautious. On a trade-weighted basis, the currency has […]

Australia advocates weakening strong crypto at upcoming “Five Eyes” meeting

Enlarge / Australia’s Attorney General George Brandis (L) speaks at a press conference Australia’s Prime Minister Malcolm Turnbull looks on in Sydney on December 30, 2015. (credit: Saeed Khan / Getty Images News) Two top Australian government officials said Sunday that they will push for “thwarting the encryption of terrorist messaging” during an upcoming meeting […]