Gillian Tett

US President Donald Trump earned more than US$1 billion in 2025 from digital currency interests, real estate and stock trades.

Investing in an age of lawlessness

There are fears that AI will undermine the business model of software companies backed by private credit.
PERSPECTIVE

Should investors worry about a 2008-style shock?

If the US tech bubble implodes, the pain will spread beyond America.
THE BROAD VIEW

Reasons to worry about America’s investment position with the rest of the world

The price of silver hit US$63.86 per ounce on Dec 10, nearly double its level a year ago, after the Fed trimmed rates by 25 basis points.
THE BROAD VIEW

Is silver the new gold?

US President Donald Trump (right) on Nov 20 announced that "certain agricultural imports from Brazil should no longer be subject to the additional (40% surcharge)", handing Brazilian President Luiz Inacio Lula da Silva a win.
PERSPECTIVE

Brazil offers lesson in winning the ‘Taco’ trade

DeepSeek showed that there are ways to build cheaper, scaled-down variants of AI, raising the prospect that LLMs will become commoditised.

Behind the AI bubble, another tech revolution could be brewing

Since China now dominates green energy production, Trump is perhaps hitting back by trying to crush that boom and force regions such as Europe to buy US fossil fuels instead.
PERSPECTIVE

Trump’s climate tirade will not stop the new ESG

US Treasury Secretary Scott Bessent, in a long essay published by International Economy, chastised the Fed for allegedly muddying its mission, becoming politicised by how it has engaged in financial regulation and deployed quantitative easing.
THE BROAD VIEW

Interest rates are a sideshow in the battle over the Fed’s future

Trump (right) hosting tech leaders including Meta's Mark Zuckerberg at the White House on Sep 4. The White House has confirmed the existence of a secret “loyalty rating” chart ranking companies and business groups on their support for the president’s “big, beautiful” Budget Bill.
THE BROAD VIEW

The psychology of CEO loyalty to Trump

When President Donald Trump indicated this week that he may fire Fed chair Jerome Powell (above), the price of the US dollar and Treasuries gyrated.
PERSPECTIVE

Threats to the Fed go beyond firing Powell