May 16, 2019, 07:55am William Pesek What if the U.S. Treasury Department held a bond auction and nobody came? This highly feared scenario, one that would savage world markets, leapt to mind last week as Washington suffered its worst debt sale in a decade. And if Donald Trump is looking to assign blame, the U.S.
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FORBES William Pesek If there’s anyone who understands Jerome Powell’s pain, it’s Japan’s Toshihiko Fukui. Need to Google him? Granted, a whole lot has happened since Fukui left the Bank of Japan in March 2008 after serving five years as governor. The Lehman Brothers crisis. The Federal Reserve “taper tantrum.” Brexit. Donald Trump! One can
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FORBES By William Pesek Jan 22, 2019 Davos Man’s Real Problems Are In Tokyo William Pesek As the masters of our economic universe funnel into Davos, Switzerland, their attention should be 6,000 miles away — in Japan. That’s because the most consequential bull market this year will be in the number of nations courting a
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FORBES William Pesek Contributor I write about economics, markets and policymaking throughout the Asia. As the Nikkei Stock Average plunges, Japan is producing a bull market in something rather ominous for 2019: déjà vu. The feeling of familiarity concerns a return to recession and deflationary forces. Didn’t Prime Minister Shinzo Abe arrive on the scene
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