By 2025, China is expected to become a technologically independent high-tech superpower. But what is the reaction to this plan? Keeping China economically small is neither legitimate nor wise and it will not succeed. An economically growing China is ...

Trade wars have the potential to create additional inflationary pressures before economic activity weakens. US monetary policy could be more restrictive at first, but then more expansionary again.

Italy's political risk is not expected to diminish soon. The coalition of Five Stars and Lega has been revived. This means that negative prospects for Italy's public finances are once again topical.

Why is the US dollar so weak? After all, a similar policy-mix of a tax reform and monetary tightening by the Fed at the beginning of the 1980s led to a 40-percent appreciation of the US currency.

Few trends on capital markets have received so much attention as the strong growth of exchange traded funds (ETFs). Within this asset class, the so called smart beta (SB) products enjoy ever growing popularity.

US protectionism is back. Selective trade barriers would hurt employment in the affected industries, but there would be no damage at the macro level and on the stock markets.