Xi’s Korea Policies Stumble

On March 7, the United States began installation of a Terminal High-Altitude Air Defense (THAAD) system in on a golf course outside Seoul, South Korea. Washington and Seoul did so over strong economic and diplomatic pressure from Beijing, which argued…

A Global Eurodollar Shortage

The World Bank just released a telling report entitled “Trade Developments in 2016: Policy Uncertainty Weighs on World Trade”. Though they deflect the problems in global trade to areas such as excessive regulatory initiatives and policy uncertainty (which is true),…