Commentary


We’ve Been Wrong About Inflation for Years. Fixing It Now Requires New Thinking.

The low-inflation era isn’t coming back, Mark Blyth writes in a guest commentary.

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As Financial Regulations Fall Away, Fund Directors Need to Step Up

Investors will be exposed to new risks, Carolyn McPhillips writes in a guest commentary.

3 minute read

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The U.S. Drug Supply is Vulnerable. Why Tariffs Are the Wrong Prescription.

Americans are likely to face shortages and rising prices while we want for production to move to the U.S., Geoffrey Joyce writes in a guest commentary.

4 minute read

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The Trump Shock Will Drive a Global Decoupling

It will be a leap into the unknown, Rabah Arezki and Tarik Youssef write in a guest commentary.

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Where MAGA Is Right—and Wrong—on Trade Deficits

Tariffs alone won’t fix the problem. There’s another culprit behind soaring trade deficits, Robert P. Murphy and Mark Spitznagel write in a guest commentary.

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Chinese Stocks Look Like an Opportunity Amid Trump’s Tariff Chaos

Once deemed ‘uninvestible,’ China’s markets are now starting to converge with the U.S., Eric Wong writes in a guest commentary.

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How Much Risk Lies in the Shadow Banking Sector? We Don’t Know.

Private credit funds may be more vulnerable to instability than we can assess, Sheila Bair writes in a guest commentary.

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Are We Getting International Prices All Wrong?

Price comparisons are ignoring the significance of time, Miglė Petrauskaitė and Erwin R. Tiongson write in a guest commentary.

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This Isn’t Your Usual Uncertainty. No One Can Predict Where the Economy Is Headed.

United Airline’s decision to issue dual guidance was courageous, Steven Weber writes in a guest commentary.

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Bessent Says He Wants Treasury Yields Down. Believe Him.

Investors know not to fight the Fed. They should take the Treasury seriously, too, Brij S. Khurana writes in a guest commentary.

4 minute read

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The U.S. Looks More Like an Emerging Market Every Day

The Fed, under pressure from Trump, should take a cue from South Africa, Mark Y. Rosenberg writes in a guest commentary.

4 minute read

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Alexander Hamilton Wrote the Manufacturing Playbook. Trump Is Shredding It.

President Donald Trump’s policies are almost the exact opposite of what the founding father recommended, J.W. Mason writes in a guest commentary.

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Trump’s Attacks on the Fed Are a Gift to Xi Jinping

The president would make the Federal Reserve look like the People’s Bank of China, William Pesek writes in a guest commentary.

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Trump Is Coming for the Fed. What Can Stop Him.

The economic stakes of Federal Reserve independence are immense, Ross Levine and Amit Seru write in a guest commentary.

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Even Short Recessions Hurt. Don’t Root for One.

A recession would undermine all the goals the Trump administration says it is pursuing, Claudia Sahm writes in a guest commentary.

4 minute read

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Universities Won’t Like What It Would Take to Truly Say No to Trump

Harvard, Columbia, and others are in a bind of their own making, Amar Bhidé writes in a guest commentary.

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Oil and Gas Once Rallied Around Trump. That May Be Changing.

The energy industry is moving to a fortress mentality in the face of prolonged lower oil prices, Ben Cahill writes in a guest commentary.

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Was the European Union Created to ‘Screw the U.S.’ on Trade? Au Contraire.

President Donald Trump’s complaints about the EU overlook America’s role in the union’s history, Benn Steil writes in a guest commentary.

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Trump Is Coming After Lawyers. The Whole Profession Needs to Change.

Until it does, the legal profession will remain vulnerable, Clifford Winston writes in a guest commentary.

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Tariff Turmoil Has Split the Bond Market in Two

The ‘sell America’ trade is having an unusual effect on Treasuries.

4 minute read

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China’s Xi Sees Opportunity. He’s Calling Trump’s Tariff Bluff.

The tariff fiasco is an incredible opportunity for China, writes William Pesek in a guest commentary.

4 minute read

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The U.S. and China Are Wrestling for Global Leadership. It Will Change Investing.

It’s time to throw out the existing playbook, Maria Vassalou writes in a guest commentary.

4 minute read

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Investors Are Looking Overseas for Returns. They Need to Watch This Risk.

Tariffs are driving investors to look outside the U.S., Wayne Low writes in a guest commentary.

3 minute read

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Congress Could Take Back Trump’s Tariff Powers. Here’s How.

Congress has the constitutional authority, if it wants to use it, Casey Burgat writes in a guest commentary.

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Why Trump’s Tariff Onslaught Could Hit Japan Hardest

Japan’s leaders failed to tariff-proof the country’s economy, William Pesek writes in a guest commentary.

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