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Seismic risks for the global system are growing, not least worsening US geopolitical rivalries, climate change and now the coronavirus outbreak In my 2010 book, Crisis Economics, I defined financial crises not as the “black swan” events that Nassim Nicholas Taleb described in his eponymous bestseller but as “white swans”. According to Taleb, black swans […] More
Sino-US relations have been a marriage of mutual economic convenience that worked rather well for both countries for several decades. What is commonly referred to as “Chimerica” — where China produces products and purchases American treasury bonds, and the US purchases Chinese products and derives fiscal stability as a result of Beijing’s purchase of a […] More
Pelé, Di Stefano, Maradona, Ronaldo, Neymar, Messi: Brazil and Argentina have produced some of the best football players in history — and currently. All the elite Europeans teams have Brazilians and Argentinians in their cast. The national teams are also the biggest rivals in the world’s most popular sport. Together, they have won seven FIFA […] More
