John Rapley

Already reeling from two savage hurricanes in Debby and Helene, Florida was this week hit by Hurricane Milton before it had any chance to fully recover. As the state’s Governor Ron de Santis warned, debris that hadn’t yet been cleared would become projectiles. Rather than increasing arithmetically, the human and economic toll of this storm [...]Read More...

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There’s a fascinating tug of war taking place in China at the moment between the government and the markets. Its resolution will do much to determine the future course of the world economy. After decades of spectacular growth, the Chinese economy recently slowed into the “middle-income trap” — the point at which a rising economy [...]Read More...

Last weekend Boštjan Vasle, Governor of the Bank of Slovenia, warned traders not to read too much into the European Central Bank’s recent back-to-back interest rate cuts. Amid investor expectations that interest rates will fall sharply, Vasle said the bank’s easing did “not automatically mean that we will now act at every meeting”. His caution [...]Read More...

Canada should consider including the value of the government’s non-financial assets, like railways or public buildings, in the government accounts

As the likelihood of a Trump victory in next week's US election rises, the news has slowly started spreading to European stock markets.

When Rachel Reeves rose to address the House of Commons on Wednesday, yields on the 10-year gilt stood at 4.25%. By Thursday afternoon, some 24 hours later, they were up to 4.5% , while the pound fell

There’s a good chance the economic backdrop facing the next U.S. president will turn markedly less favourable during his or her term

John Rapley is an author and academic who divides his time among London, Johannesburg and Ottawa.