For the first time in the history of the euro, Paris pays more than Rome to borrow for ten years. The usual reading blames the 2027 election. The government's own budget shows that €12 billion of the ...
Brazil's stock market had its best day since March 2020 on Monday, after Flávio Bolsonaro finished first in the presidential election's first round. The rally bets on a change of fiscal regime after t...
Ammonium nitrate trades at €547.50 a tonne, wheat at €232. It now takes seven kilos of grain to buyone kilo of nitrogen, against roughly four before 2021. The press reads that as a sacrificed 2027harv...
The 30-year Treasury is back at a level last seen in 2007, and the 10-year sits at 4.78%. This move is explained neither by the 25 basis points the Fed might add in September, nor by Brent at $95. It ...
Since 1950, the wealth gap between nations has continually shifted: some poor countries became rich within a generation, while others have stagnated despite abundant resources. Why? Three national tra...
Since the late 2010s, the world’s two largest economies have been locked in a trade confrontation whose ripple effects extend far beyond their borders. Tariffs, technology restrictions, export c...