THE BOTTOM LINE

Bursting the billionaire bubble

IMMENSE wealth isn't good for your reality sense. Billionaires aren't necessarily bad people, and most of them probably aren't. However, some are, and my unscientific sense is that billionaires are more likely than the rest of us to exhibit bad judgment warped by runaway egos, especially in the...

COMMENTARY

Trump's Art of the Flail is starting to hurt the US economy seriously

The "very stable genius" in the Oval Office is, in fact, extremely unstable in word and deed. That's not a psychological diagnosis, although you can make that case, too. It's just a straightforward description of his behaviour. And his instability is starting to have serious economic...

THE BOTTOM LINE

From voodoo economics to evil-eye economics

ALMOST four decades ago then-candidate George HW Bush used the phrase "voodoo economic policy" to describe Ronald Reagan's claim that cutting taxes for the rich would pay for itself. He was more prescient than he could have imagined.

Tariff tantrums and recession risks

IF THE bond market is any indication, US President Donald Trump's escalating belligerence on trade is creating seriously increased risks of recession. But I haven't seen many clear explanations of why that might be so. The problem isn't just, or even mainly, that the president really does seem...

Trump getting stuck in his trade quagmire

REMEMBER the Vietnam quagmire? (Actually, I hope many of my readers are young enough that they don't, but you've presumably heard about it.) In political discourse, "quagmire" has come to have a quite specific meaning. It's what happens when a government has committed itself to a policy that isn...

THE BOTTOM LINE

Trump is failing the little guy. The Dems should milk this

I LOVE the poorly educated" - so declared Donald Trump back in February 2016, after a decisive win in the Nevada primary.

THE BOTTOM LINE

Trump shoots himself in the foot in Mexican standoff

I'D like to make an important announcement to New York retailers: NEW JERSEY HAS AGREED TO IMMEDIATELY BEGIN BUYING LARGE QUANTITIES OF WHITEFISH SALAD FROM OUR GREAT PATRIOT GOURMET MARKETS.

THE BOTTOM LINE

The Great Republican abdication

SO all the "fake news" was true. A hostile foreign power intervened in the presidential election, hoping to install Donald Trump in the White House. The Trump campaign was aware of this intervention and welcomed it. And once in power, Mr Trump tried to block any inquiry into what happened.

THE BOTTOM LINE

Even a trade deal will be much ado about nothing much

THIS is the way the trade war ends. Not with a bang but with empty bombast. According to multiple news organisations, the US and China are close to a deal that would effectively end trade hostilities. Under the reported deal, America would remove most of the tariffs that it imposed last year....

THE BOTTOM LINE

Trump, trade and the advantage of autocrats

THERE has been some good news on global trade lately: A full-scale US-China trade war appears to be on hold, and may be avoided altogether. The bad news is that if the US makes a trade deal with China, it will basically be because the Chinese are offering US President Donald Trump a personal...

THE BOTTOMLINE

Will China's economy hit a great wall?

THE other day, I issued a warning about the Chinese economy. It is, I wrote, "emerging as a danger spot in a world economy that really, really doesn't need this right now"....

THE BOTTOM LINE

Beware the Ghost of Trump Chaos Future

TWO YEARS AGO, after the shock of US President Donald Trump's election, financial markets briefly freaked out, then quickly recovered. In effect, they decided that while Mr Trump was manifestly unqualified for the job - temperamentally and intellectually - it would not matter. He might talk...

THE BOTTOM LINE

Trumpism is the result of Republican climate denial

MANY observers seem baffled by Republican fealty to Donald Trump - the party's willingness to back him on all fronts, even after severe defeats in the mid-term elections. What kind of party would show such support for a leader who is not only seemingly in the pocket of foreign dictators,...

THE BOTTOM LINE

Trumpism and the politics of division in the US

A LITTLE over a year ago, Amazon invited cities and states to offer bids for a proposed second headquarters. This set off a mad scramble over who would gain the dubious privilege of paying large subsidies in return for worsened traffic congestion and higher housing prices. (Answer: New York and...