Dr. Michael Ivanovitch is an independent analyst focusing on world economy, geopolitics and investment strategy. He served as a senior economist at the OECD in Paris, international economist at the Federal Reserve Bank of New York and taught economics at Columbia Business School.
Follow him on Twitter: @msiglobal9
It seems that sitting on the fence will no longer do.
The European project is stalled by the French and German inability to respect and celebrate their differences.
America's physical limits to noninflationary growth are currently estimated at a pathetic 1.5 percent.
America's shift toward bilateral trade deals shows a total loss of faith in the ability of multilateral forums.
America's economic and international trade policies must change.
While Asia is progressing on the integration front, the European Union appears to be unraveling.
The bond market has been remarkably resilient in the face of dire warnings of inflationary pressures.
Settling scores over recent election outcomes is the price we pay for living in a democratic society.