Beware the three Ls: leverage, liquidity and lunacy

In the long run bubbles always deflate, often when least expected

07.11.2025 9

Gillian Tett

Green activists need to think beyond carbon emissions

The economic imperative of climate resilience means adaptation must be considered as well as mitigation

01.11.2025 5

Gillian Tett

America’s risky bid to make Argentina great again

Treasury secretary Scott Bessent is taking a big gamble with his $20bn swap line to prop up a Trump ally

25.10.2025 10

Gillian Tett

AI has a cargo cult problem

Spending vast sums and inflating an investment bubble is no guarantee of unleashing technological magic

18.10.2025 60

Gillian Tett

America is sucking in growth from the rest of the world

Global FDI is flowing west — this may well be one of Trump’s biggest legacies

10.10.2025 5

Gillian Tett

Investors could face a bonfire night surprise on Trump tariffs

The legal tussle over the president’s trade policy is a result of the way he wields power

04.10.2025 7

Gillian Tett

Trump’s climate tirade will not stop the new ESG

The US president’s assault on the green energy ‘scam’ is part of the struggle with China for global economic hegemony

26.09.2025 4

Gillian Tett

How drones have transformed the nature of war

Ukraine and Russia’s experience has changed the economics of combat

19.09.2025 20

Gillian Tett

The battle for the Fed is about much more than interest rates

Trump and his economic advisers want to narrow the central bank’s mission dramatically

13.09.2025 10

Gillian Tett

The psychology of CEO loyalty to Trump

C-suites are conspicuously silent in the face of the president’s policy surprises

06.09.2025 10

Gillian Tett

America’s new ‘patriotic’ capitalism

In the land of the (supposedly) free markets, government stakes and price controls are met with silence on Wall Street

30.08.2025 40

Gillian Tett

Could AI help America out of its debt hole?

Some investors believe the technology’s productivity benefits will put the US on a better fiscal path

09.08.2025 7

Gillian Tett

Crypto needs to move beyond black and white thinking

Yes, there are risks, but we should recognise that the underlying technology can be useful

01.08.2025 10

Gillian Tett

Investors beware the dangers lurking in private credit

For some observers, the rapid rise of this asset class invites unsettling historical comparisons

25.07.2025 7

Gillian Tett

Threats to the Fed go beyond firing Powell

Curtis Yarvin’s ideas are going ever more mainstream in Trump’s Washington — and investors should be worried

18.07.2025 40

Gillian Tett

Trump is sowing confusion in the markets

While the behaviour of bonds suggests a downturn, American stocks are at record highs

11.07.2025 6

Gillian Tett

The Lunar Society is a cautionary tale for Trump’s America

When political populism collides with scientific innovation, there is usually only one winner

04.07.2025 8

Gillian Tett

Gold glitters as mistrust spreads

Calls for European governments to repatriate the bullion they store in the US are a sign of something bigger

27.06.2025 6

Gillian Tett

The markets are silent — that is worrying

Investors are so stunned they can’t process the warning signs of a looming tail risk

21.06.2025 20

Gillian Tett

Central banks are beginning to fret about dollar swap lines

Officials outside the US worry about what will happen when Jay Powell leaves the Fed

13.06.2025 20

Gillian Tett

The fight to protect US data has begun

Science, civic life and commerce all rely on safeguarding government statistics from Trump’s assault

06.06.2025 30

Gillian Tett

There’s a ticking time bomb in Trump’s ‘big, beautiful bill’

Investors are fretting about a clause that would penalise foreign holders of US assets

30.05.2025 10

Gillian Tett

Trump’s ‘big, beautiful’ budget is spooking investors

Market unease at the US’s fiscal position is growing

22.05.2025 4

Gillian Tett

Oil sanctions could undercut US power

History shows they must either be used decisively, together with allies, or not at all

16.05.2025 70

Gillian Tett

Welcome to the new age of geoeconomics

Tech, trade, finance and military policies are mingling in a manner not seen during the neoliberal era

09.05.2025 950

Gillian Tett

Get ready for a corporate rush for cash

If the tariffs remain in place, American companies will be in sore need of funds to pay the bills

02.05.2025 10

Gillian Tett

Investors bank on Bessent to tame the drunken dragon

Yields on US government bonds have been thrashing around in response to Trump’s capricious policy plans

26.04.2025 10

Gillian Tett

Jay Powell is defiant in the face of Trump’s threats

The Fed chair is determined to see out his term, and lawyers at the central bank think he has good grounds to do so

22.04.2025 10

Gillian Tett

Tariffs ignore the reality of global tech supply chains

Nvidia has become a symbol of the looming business nightmare unleashed by Donald Trump

18.04.2025 20

Gillian Tett

Trump tests the American attitude to pain

It’s not just bread and circuses any more

11.04.2025 4

Gillian Tett

What is behind the Treasury sell-off?

The double whammy of falling bond and equity prices could partly be hedge funds unwinding so-called ‘basis trades’

09.04.2025 5

Gillian Tett

How to make sense of Donald Trump’s tariffs

The new field of ‘geoeconomics’ offers a guide for the perplexed

04.04.2025 30

Gillian Tett

The Trump oil dilemma

Some advisers now view the price of the fossil fuel as a crucial anti-inflation tool

28.03.2025 5

Gillian Tett

Why a weight-loss drug could become a geopolitical bargaining chip

Ozempic might feature in future US negotiations with Denmark over Greenland

21.03.2025 10

Gillian Tett

Tariffs on goods may be a prelude to tariffs on money

Capital inflows could be the Trump administration’s next target

14.03.2025 30

Gillian Tett

What a Mar-a-Lago accord could look like

Trump’s team consider financial policy interventions to be crucial in a grand reordering of global finance and trade

07.03.2025 20

Gillian Tett

Why investors should be worrying about impoundment

The Trump buzzword looks set to become a weapon in the budget wars

28.02.2025 20

Gillian Tett

How Washington plans to defend the dollar

Trade tariffs grab headlines but the less-visible fight around money matters deeply to the president

22.02.2025 10

Gillian Tett

Smaller countries learn to hedge their bets in the age of Trump

This is a world in which no one can ‘price’ peace any more

14.02.2025 6

Gillian Tett

Gold glitters as the unimaginable becomes imaginable

The US president wants to weaken the dollar while preserving its exorbitant privilege

07.02.2025 30

Gillian Tett

Musk is right — US government badly needs a digital makeover

If he can drive the change that’s required, future generations will thank him

31.01.2025 5

Gillian Tett

Five ways to fix the knowledge crisis in the age of Trump

Elites must not be complacent about a widening epistemological gulf which threatens democracy

24.01.2025 20

Gillian Tett

The bond markets vs Donald Trump

There is a notable — and rising — risk of financial turmoil if the new White House does anything to spook investors

17.01.2025 3

Gillian Tett

Dollar dominance means tariffs are not the only game in town

America’s grip on global financial services could provide Trump with another source of leverage

10.01.2025 10

Gillian Tett

We need to think again about what the ‘A’ in AI signifies

Looking at the technology through a different cultural lens casts its threat and promise in a new light

27.12.2024 3

Gillian Tett

A fiscal fight is brewing in the court of Donald Trump

America’s debt pile and the case for tax cuts will be flashpoints inside the new administration

20.12.2024 8

Gillian Tett

The chain of contradictions in Trump’s economic policy

His team is promising high growth, low inflation and control of government spending — all at once

13.12.2024 10

Gillian Tett

Mainstream memecoins signal changing markets

Ordinary investors need to pay attention to new information flows online

06.12.2024 20

Gillian Tett

Markets will have to get used to Trump’s mercantilist mindset

The next US president and his team see trade in political, rather than narrowly economic, terms

29.11.2024 20

Gillian Tett

Globalisation is not dead — it’s just changed

What happens next does not depend on the US alone, we are seeing a shift to a multipolar world

22.11.2024 4

Categories

Sources

Popular

Beware the three Ls: leverage, liquidity and lunacy

Gillian Tett

Green activists need to think beyond carbon emissions

Gillian Tett

America’s risky bid to make Argentina great again

Gillian Tett

AI has a cargo cult problem

Gillian Tett

America is sucking in growth from the rest of the world

Gillian Tett

Investors could face a bonfire night surprise on Trump tariffs

Gillian Tett

Trump’s climate tirade will not stop the new ESG

Gillian Tett

How drones have transformed the nature of war

Gillian Tett

The battle for the Fed is about much more than interest rates

Gillian Tett

The psychology of CEO loyalty to Trump

Gillian Tett

America’s new ‘patriotic’ capitalism

Gillian Tett

Could AI help America out of its debt hole?

Gillian Tett

Crypto needs to move beyond black and white thinking

Gillian Tett

Investors beware the dangers lurking in private credit

Gillian Tett

Threats to the Fed go beyond firing Powell

Gillian Tett

Trump is sowing confusion in the markets

Gillian Tett

The Lunar Society is a cautionary tale for Trump’s America

Gillian Tett

Gold glitters as mistrust spreads

Gillian Tett

The markets are silent — that is worrying

Gillian Tett

Central banks are beginning to fret about dollar swap lines

Gillian Tett

The fight to protect US data has begun

Gillian Tett

There’s a ticking time bomb in Trump’s ‘big, beautiful bill’

Gillian Tett

Trump’s ‘big, beautiful’ budget is spooking investors

Gillian Tett

Oil sanctions could undercut US power

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Welcome to the new age of geoeconomics

Gillian Tett

Get ready for a corporate rush for cash

Gillian Tett

Investors bank on Bessent to tame the drunken dragon

Gillian Tett

Jay Powell is defiant in the face of Trump’s threats

Gillian Tett

Tariffs ignore the reality of global tech supply chains

Gillian Tett

Trump tests the American attitude to pain

Gillian Tett

What is behind the Treasury sell-off?

Gillian Tett

How to make sense of Donald Trump’s tariffs

Gillian Tett

The Trump oil dilemma

Gillian Tett

Why a weight-loss drug could become a geopolitical bargaining chip

Gillian Tett

Tariffs on goods may be a prelude to tariffs on money

Gillian Tett

What a Mar-a-Lago accord could look like

Gillian Tett

Why investors should be worrying about impoundment

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How Washington plans to defend the dollar

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Smaller countries learn to hedge their bets in the age of Trump