In The Headlines Sluggish Growth Ignites Trade Restrictions Around the World President-elect Donald Trump has pledged to scrap the Trans-Pacific Partnership, renegotiate the North American Free Trade Agreement, and penalize Chinese imports when he takes office. But protectionism is already rising around the world, and global trade is slowing. Responding to [...]

In The Headlines Is China Headed for Japanese Style Economic Stagnation? China and Japan may seem to inhabit alternative economic universes. After more than two decades of stagnation, Japan is a fading global power that cannot seem to revive its fortunes no matter what unorthodox gimmicks it tries. By contrast, China’s [...]

In The Headlines Automaton and the Changing Face of American Manufacturing The loss of American manufacturing jobs has been a mainstay issue of national elections for many years. The underlying problem now, though, is not foreigners taking American jobs, but instead the fact that factories do not need as many people [...]

In The Headlines The Rationale behind the Aggressive Shift to Passive Investing The move from actively managed investments to passive index funds has been a hot topic lately. Fund flow data show that investors are voting with their feet. Some in the industry have dubbed this trend “flowmageddon.” Bill Miller, the [...]