The European Union had years to prepare for an energy crisis after the 2022 shock. Thanks to a mild winter and ample supply from the United States, the European gas crisis was far less severe than many feared. However, the continent avoided blackouts and economic collapse largely thanks to a combination of good luck in …
Tag: fiscal spending
Trump’s Political Victory with Trade Deals
Trump’s April 2 “Liberation Day” tariff announcement sparked sharp volatility in U.S. government debt and equity markets, with the S&P 500 index falling as much as 15% and borrowing costs rising. Markets have stabilized after Trump suspended most of the retaliatory tariffs, but concerns remain that the president’s policy changes could dampen foreign investor enthusiasm …