International Selection

The relationship between inequality and economic growth is complex. Yet, an evergrowing income inequality risks harming future growth by creating support for bad policies. A column by Fabrizio Zilibotti.

If the United Kingdom exits now, its options become severely limited. In particular, future changes to its relationship with the European Union would be difficult to negotiate. A column by Michael J. Boskin.

Jeffrey Gundlach, CEO of the investment firm DoubleLine, expects central bankers to capitulate on negative interest rates and is bearish on US stocks.

Developed-economy central banks should overcome their irrational fear of a deflationary spiral, and stop trying desperately to stimulate demand. A column by Daniel Gros.

Nouriel Roubini, economist and famously known as «Dr. Doom», regards only the central banks as a backstop to prevent a global depression, as he explains in an interview with «Finanz und Wirtschaft».

It is difficult to expect elderly people to put the interests of future generations first. For now, the safety valve provided by labor mobility may rule out a youth revolt. A column by Harold James.

David Herro, Chief Investment Officer for international equities at Harris Associates, is bullish on the big Swiss bank and expects more discipline from cement giant LafargeHolcim.

The German property boom could be reined in with a jump in interest rates. But the ECB is heading in the opposite direction. If the bubble bursts, the effects could be dire for the euro. A column by Hans-Werner Sinn.

Republican presidential candidate Donald Trump speaks out against free trade, an so does the democratic contender Bernie Sanders. This is a recipe for disaster. A column by Kenneth Rogoff.

Edouard Carmignac, fondateur et patron de Carmignac, pense que les marchés financiers sont surévalués et que les investisseurs sous-estiment les risques.

Countries with fiscal room for maneuver should use it. Those lacking fiscal space can agree to use monetary stimulus more aggressively, while others need to implement reforms. A column by Barry Eichengreen.

Edouard Carmignac, founder and lead portfolio manager at Paris-based Carmignac, warns that most financial markets are overvalued and underestimate the risks in the global economy.