Brexit really has meant Brexit: ‘Let them eat cake’

by Rashmee

Posted on February 1, 2021


/ BREXIT BRITAIN In the month since Brexit properly began, consider all the things that have happened. The European Union (EU) and UK have begun their future relationship with a row over diplomatic protocol. Britain is refusing to grant full diplomatic privileges to the EU’s envoy in London, something more than 140 other countries have … Continue reading “Brexit really has meant Brexit: ‘Let them eat cake’”

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The froth on the market, falling interest rates and a magic realist story of US growth

by Rashmee

Posted on August 8, 2019


Now that central banks in India, New Zealand and Thailand have cut interest rates, aiming to protect their economies from the fallout of the trade and currency war, I recommend this excellent piece in Aeon: ‘The economics of bubbles’. (Click here to read it). It’s about how market booms and busts seem irrational but aren’t really.  … Continue reading “The froth on the market, falling interest rates and a magic realist story of US growth”

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The age of trade blocs? No, probably just Trump-blocks

by Rashmee

Posted on June 14, 2019


Change is the only reliable constant and so it is with global trade. For more than 70 years, the international trading system has operated by the rules laid out by “most-favored nation” (MFN) status. This means that if a country grants certain concessionary terms of trade to one country, it must do so to all. It’s … Continue reading “The age of trade blocs? No, probably just Trump-blocks”

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What does it mean when China talks about talks with US on trade

by Rashmee

Posted on November 17, 2018


Here’s something good to know. China is willing to talk to the US about the trade dispute and Donald Trump has increasingly indicated he’s inclined to jaw-jaw too. Or, at least get to a “deal”, which in Trumpian terms probably means he’s prepared to talk. This is all to the good. It’s good to talk, and … Continue reading “What does it mean when China talks about talks with US on trade”

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China is not a rogue state but it’s nearly there, according to Trump’s America

by Rashmee

Posted on October 15, 2018


China is not a rogue state but it might as well be considering the way the current US administration describes it. FBI director Christopher Wray recently told the US Senate that China is a longer-term threat to the US than Russia because it “is fighting tomorrow’s fight, and the day after tomorrow and the day … Continue reading “China is not a rogue state but it’s nearly there, according to Trump’s America”

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Trump America’s new game on trade is ‘Risk’ without rules

by Rashmee

Posted on September 8, 2018


The world is beginning to understand the new economic “game” being played by Trump’s America, according to the always perceptive Mohamed A. El-Erian. The game is basically about two moves – a willingness to accept any level of risk including grave economic damage, and a streetfighter’s refusal to consider rules. Mr El-Erian writes that the … Continue reading “Trump America’s new game on trade is ‘Risk’ without rules”

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War on expertise means people just don’t believe facts on free trade and more

by Rashmee

Posted on July 21, 2018


The benefits of free trade. The effects of climate change. The protections afforded by vaccination. These are three areas that are feeling the effects of the long-running war on expertise. The US Chamber of Commerce, which leans Republican, has been running an advertising campaign to persuade Americans that tariffs are bad but trade is good. … Continue reading “War on expertise means people just don’t believe facts on free trade and more”

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Will the trade war really be Trump’s Afghanistan?

by Rashmee

Posted on July 7, 2018


In March, some eight weeks before the trade war, Adam Posen wrote a piece arguing that it could be Donald Trump’s Afghanistan (Click on this link or read it in full below). To start something costly, fruitless and open-ended was madness, Mr Posen wrote. His opinions remain as valid now, as back then. Mr Posen … Continue reading “Will the trade war really be Trump’s Afghanistan?”

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Trump of all people should know that corporate patriotism is neither natural nor desirable

by Rashmee

Posted on July 4, 2018 / The National


US President Donald Trump is not the first politician to fulminate about the need for corporate loyalty to country above all else. Mr Trump’s threats and imprecations against the American Midwest’s legendary motorcycle manufacturer Harley–Davidson for daring to send some of its production overseas, echoed the milder frustration about big business once expressed by his … Continue reading “Trump of all people should know that corporate patriotism is neither natural nor desirable”

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What chance to avoid a US-China trade war? Read Larry Kudlow’s lips

by Rashmee

Posted on May 2, 2018


Donald Trump’s top economic adviser Larry Kudlow is headed to China along with US Trade Representative Robert Lighthizer, White House trade adviser Peter Navarro and Treasury Secretary Steven Mnuchin. The team of heavy-hitters is tasked with averting a trade war. They will meet President Xi Jinping, vice-president Wang Qishan, and other Chinese officials on May … Continue reading “What chance to avoid a US-China trade war? Read Larry Kudlow’s lips”

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Rashmee has lived and worked in several countries in the past decade, including Afghanistan, India, Haiti, Tunisia, the UAE, US and UK