America’s central bank is not the only one doling out greenbacks
WHEN AMERICA and its allies wanted to cheapen the dollar in 1985, their officials met in the Plaza Hotel in New York. When they…
How to pay for the pandemic
The world is entering a new era of sovereign-debt managementMar 25th 2020Editor’s note: The Economist is making some of its…
Why America’s financial plumbing has seized up
HOUSEHOLDS ARE frantically stocking up on essentials such as loo roll. But in financial markets, the staple that no one can do…
The dollar is in high demand, prone to dangerous appreciation
AMERICA’S CURRENCY was not always as coveted as it is in today’s troubled times. In the 1960s European central banks had more…
Venues may close. Trading should remain open
Mar 21st 2020INSOFAR AS STOCK exchanges used to worry about viruses, it was of the type that infect the computers through which…
The agonies of stock-picking in a falling market
Mar 21st 2020I SUSPECT THAT this not a common feeling, but part of me is excited about the crash in stock prices. It is the part…
The American currency is in high demand, prone to dangerous appreciation
AMERICA’S CURRENCY was not always as coveted as it is in today’s troubled times. In the 1960s European central banks had more…
Exchange-traded fundamentals
Mar 21st 2020JEREMIADS HAVE long argued that if some of the $6trn-odd of assets underpinning exchange-traded funds (etfs) are…
Economies can rebound quickly from massive GDP slumps—but not always
History suggests full recovery takes, on average, about five yearsMar 18th 2020IT WILL BE some time—years most likely—before…