Jawaharlal Nehru, India’s first prime minister, and Donald Trump, America’s president, do not share many similarities. Nehru was an erudite product of Harrow School and Trinity College, Cambridge; Donald Trump,...
With $29trn in debt and a widening fiscal deficit, America hardly seems like a candidate for a sovereign-wealth fund. Such enormous, independently managed but state-directed pots of cash are, after...
IF YOU want to put a policymaker on the spot, ask them what the top rate of income tax should be. The question befuddles everyone. On May 8th President Donald...
Imagine someone who found secondary-school maths difficult being grilled about logarithms. That is how a lot of equity investors look if you ask them about currency risk. It is not...
