Istanbul voters’ rebuke of the nation’s strongman leader speaks to broader dismay over the economic disaster he oversaw.
Tag: Interest Rates
The Week in Business: Stocks Hit a Record High, and Facebook Wants to Replace Your Bank
Plus, tensions with Iran reach a boiling point and Trump’s meeting with China’s president.
Modern Monetary Theory’s Reluctant Poster Child: Japan
Despite its huge debt, the country remains an economic powerhouse. Some say it provides a model for the United States, but its leaders disavow the idea.
Investors Are in Retreat, and the Poorest Countries Are Paying for It
As the Federal Reserve raises rates, global investors are pulling their money from emerging markets, damaging the world’s most vulnerable economies.