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[OP-ED]: Postponing the next recession?

 06/30/2017 - 08:37
Economists from the Bank for International Settlements (BIS) in Basel, Switzerland -- a bank for government central banks -- find that the pass-through from wage increases to price increases has weakened. If this is confirmed and continues, it implies that inflation will remain tame for some time even if the economy continues to grow. EFE

This is not your father’s inflation -- and that’s good news. Business cycles often end when higher inflation causes a country’s central bank (the Federal Reserve in the United States) to raise interest rates, slowing the economy and, perhaps, triggering a recession. The good news: The next recession may be delayed, because the Phillips Curve has shifted.

Orient Express: Trump travels to Israel to discuss peace process

 05/22/2017 - 05:49
The US Air Force One carrying US President Donald J. Trump and US First Lady Melania Trump approaches Ben Gurion Airport, in Lod outside Tel Aviv, Israel, May 22, 2017. EPA/JIM HOLLANDER

US President will tour Tel Aviv and Jerusalem today, after a weekend in Ryadh, prioritizing trade deals over human rights concerns. During his visit to Israel, Trump is expected to meet prime minister with Benjamin Netanyahu and later with Palestinian leader Mahmoud Abbas to discuss an eternal goal: an "ultimate peace deal."

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[OP-ED]: Globalization’s false sins

 05/17/2017 - 08:26
Las importaciones a menudo son más baratas que los productos norteamericanos, ayudan especialmente a las familias de bajos ingresos, cuyos presupuestos constan de más productos manufacturados, donde el descenso de los precios fue agudo.

Globalization has gotten a bad rap. The Trump White House associates it with all manner of economic evil, especially job loss. The administration has made undoing the damage a central part of its economic strategy. This will almost certainly fail and disappoint, because globalization’s ill-effects have been wildly exaggerated.

Plain Text Author: 
Robert J. Samuelson

Bajo un manto de dudas

 05/16/2017 - 14:56
A poco menos de cuatro meses en el poder, el presidente Donald Trump enfrenta una tormenta política sin precendentes en los últimos años. Foto: EFE.

La abrupta despedida del director del FBI y las acusaciones de haber compartido información clasificada al gobierno ruso, generaron un huracán político que pone a prueba la aparente invulnerabilidad del presidente Trump. ¿Podrá el mandatario reponerse de una crisis autoinfligida? 

[OP-ED]: Trump’s stock boom -- illusion or reality?

 04/25/2017 - 10:10
Stock valuations are tricky. With hindsight, the market can stay above or below levels reflecting economic fundamentals for long stretches. Whatever the case today, stocks are nowhere near the absurd heights of the “tech bubble” at the turn of the century. EFE

The last thing President Trump now needs is for the stock market to go south on him. After all, he’s got worries aplenty: abroad, North Korea, Syria, Russia and Brexit; at home, the stalled effort to repeal Obamacare; and uncertainty surrounding “tax reform.” Compared with this tapestry of troubles, the stock market has been a splendid blessing.

Plain Text Author: 
Robert J. Samuelson