Global Economy

Italy’s problems are yet to descend into a Greek-style crisis, but that is the direction of travel. And Italy is far more serious than Greece because of its sheer size.

It is easy to blame weakening global markets on Trump, but it would be dangerous to believe that's the real cause of the slowdown.

Although hardly "free-market" in any doctrinaire way, the relatively free economy of Taiwan delivered immense growth in standards of living while many Chinese on the mainland starved.

It's government — not markets — that intervene to "stimulate" ever greater amounts of spending and consumption. A healthy market economy, meanwhile,  relies on both saving and spending.

Argentina has all the ingredients to be a global leading economy, but current policy makes the country a promise that always disappoints. 

The stage has been set for a global credit crisis. And the Eurozone is a time-bomb waiting to happen.

It is encouraging to see the rise of a popular politician willing to use his platform to openly call out the dangers of Marxist ideology.

The biggest “success” of the ECB has been the massive bailout of governments at the expense of savers.

This an engaging and intriguing account of how global currencies, such as British sterling and the U.S. dollar, have risen to global dominance in the international monetary arena, and how currencies such as the Chinese renminbi could follow in their footsteps.

Oil prices did not cause the Venezuelan crisis. Nor can oil now be its cure.