financial markets

Trump: Markets, Power, and Inside Information

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There is a structural problem in modern politics that we don’t talk about enough. Markets move on information. Governments create information. And in an age of erratic communication, that information is often released in ways that are unpredictable, informal, and badly timed. Take Donald Trump. One of the defining features of his recent presidency has … Read more

Stranded Assets: How Climate Change Could Trigger the Next Global Credit Crunch

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Climate Change, Stranded Assets, and the Next Credit Crunch Last month I wrote about the huge risks climate change poses to the world economy. International financial institutions have made big bets on residential property just as extreme weather is making insurance in some regions harder—or impossible—to get. Without insurance, those properties are essentially worthless. Without … Read more