One of Donald Trump’s most important trade advisors, Peter Navarro, defended the American president’s trade policies some time ago in an article in the Financial Times, making at least one very strong point that went unnoticed in continental Europe. …
European monetary policy continues to puzzle. Although there is no longer any risk of inflation, the ECB is hesitant to recognise this and implement it in faster interest rate cuts. The inflation rate for the monetary union as a whole is a moderate 2.4 per cent, …
That was a strong piece. Donald Trump used his inauguration speech to tell the rest of the world that his America doesn’t give a damn about what happens in other countries and to the world as a whole. ‘Splendid Isolation’ was the term used in the past; …
The Financial Times reports in an interesting article on the Argentine currency strategy. Apparently, President Javier Milei has decided to focus on the so-called anchor approach in the fight against inflation. An anchor approach means that you try to manage your own currency against a stable currency such as the US dollar in such a way that the depreciation of your own currency is significantly lower than the inflation differential with the anchor country. …
