Veteran economist Jim O’Neill says interest rates should stay around 5% for longer

Jim O’Neill, former chief economist Goldman Sachs Group, in Italy in 2019. Alessia Pierdomenico | Bloomberg via Getty Images Veteran economist Jim O’Neill says central banks will need to keep interest rates up around 5% across major economies for longer than the market expects, even as inflation subsides. The U.S. Federal Reserve is broadly expected […]

central banks will have to hold rates high for much longer

Major central banks will have to keep interest rates high for much longer than some investors expect, Gita Gopinath, first deputy managing director of the International Monetary Fund, told CNBC Tuesday. “We also have to recognize that central banks have done quite a bit … But that said, we do think they should continue tightening […]

How much longer will America’s regional banks hold up?

What kind of story is unfolding in the banking system? At first glance it would appear to be a tragic drama. In the past fortnight, four banks have met their end: two crypto lenders, the dominant bank in Silicon Valley and most recently a global systemically important bank. There have been 11th-hour interventions to protect […]

Nuclear Arms no Longer Key to Peace

Russia has fitted its fleet with tactical nuclear weapons both in the North Sea and in the Atlantic. The United States and NATO have convinced themselves that they can destroy Russia and China and neither will report to nuclear weapons.  Nobody ever questions: What if we are wrong? Once upon a time, it was PRESUMED […]