Even Trump Is a Keynesian
For decades, prominent economists claimed fiscal stimulus didn’t work. The research says otherwise, but as it happens, policymakers weren’t listening anyway. Noah Smith says Donald Trump’s victory is the Keynesians’ ultimate vindication.
Our Last, Best Chance for Fixing Roads and Refinancing Debt
Interest rates are low but poised to rise. America’s roads and bridges need repairs. The president-elect promised an infrastructure upgrade. And Barry Ritholtz sees an opportunity.
Trump Opens Doors for China in Latin America
A more protectionist America means opportunity for another global giant, as China seeks to expand its “cooperative partnership” with Latin America and the Caribbean. Mac Margolis says Xi Jinping is making the region an offer it can’t afford to refuse.
Turns Out Everything Is Negotiable
Build the wall, drain the swamp, lock her up: Trump made a lot of campaign promises, and he’s already started reneging on them. (In many cases, that’s for the best.) Less than two weeks after his win, Paula Dwyer surveys his many broken vows.
Trading Jobs for Deals in China
JPMorgan Chase’s “Sons & Daughters” program (yes, that was its real name) was a quid pro quo — and an oddly lonely, joyless one. That’s the poignant conclusion Matt Levine draws from the bank’s recent $264 million settlement.
- Sustainable sources of competitive advantage (Collaborative Fund)
- Asset managers face corporate governance crackdown (Financial Times)
- Black Friday’s inside secret: The same deals every year (Wall Street Journal)
(Read Barry Ritholtz’s full daily news roundup.)
- Wells Fargo’s branches could do with some pruning
- A kick in the assets for the well-paid fund manager
- Wal-Mart keeps us waiting for an e-commerce turnaround
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This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.