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James McCormack

James McCormack

4 commentaries

James McCormack is Managing Director and Global Head of the Sovereign and Supranational Group at Fitch Ratings.

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  1. The Trump Administration’s Dead End on Trade
    mccormack4_STR_AFP_Getty Images STR/AFP/Getty Images

    The Trump Administration’s Dead End on Trade

    Aug 9, 2018 James McCormack thinks the US dispute with China will have to get worse before it can get any better.

  2. The Financial Roots of the Eurozone Surplus
    Getty Images

    The Financial Roots of the Eurozone Surplus

    Feb 22, 2018 James McCormack argues that calls for Germany to “do more” about the current-account imbalance ignore the role of the ECB.

  3. The Quiet Demise of Austerity
    Demise of austerity Dan Kitwood/Getty Images

    The Quiet Demise of Austerity

    Jul 18, 2017 James McCormack argues that while fiscal tightening is politically unpopular, it cannot be delayed indefinitely.

  4. The False Promise of Helicopter Money
    Central banks Cameron Spencer/Getty Images

    The False Promise of Helicopter Money

    May 2, 2016 James McCormack warns of reputational damage to central banks that stray further into uncharted policy territory.

  1. davutoglu1_Andrew HarnikGetty Images_trumpzelensky Andrew Harnik/Getty Images

    Trump’s Old World Order

    Ahmet Davutoğlu warns that the US administration’s reckless conduct may destroy the last vestiges of multilateral cooperation.
  2. op_janeway19_MANDEL NGANAFP via Getty Images_trumpmusk Mandel Ngan/AFP via Getty Images

    Crippling America’s Innovation Economy

    William H. Janeway

    Donald Trump and Elon Musk's reign of disruption is crippling research universities’ ability to serve as productive partners in innovation, thus threatening the very system that they purport to celebrate. The Chinese, who are increasingly becoming frontier innovators in their own right, will be forever grateful.

    warns that the pillars of US dynamism and competitiveness are being systematically toppled.
  3. muzikarova8_NurPhotoGettyImages_chip_manufacturing NurPhoto/Getty Images

    America’s AI Iron Curtain

    Soňa Muzikárová explains how US export controls are harming allies and potentially helping Russia and China.
  4. hubbard5_SpencerPlattGettyImages_bessent_economic_club_of_new_york Spencer Platt/Getty Images

    What Rebalancing the US Economy Really Requires

    Glenn Hubbard

    US Treasury Secretary Scott Bessent’s defense of President Donald Trump’s trade tariffs as a step toward “rebalancing” the US economy misses the point. While some economies, like China and Germany, need to increase domestic spending, the US needs to increase national saving.

    thinks US Treasury Secretary Scott Bessent is neglecting the need for spending cuts in major federal programs.
  5. rasoolayub1_Alex WongGettyImages_voa_building Alex Wong/Getty Images

    America’s Voice No Longer Speaks for Democracy

    Heela Rasool-Ayub explains why authoritarians worldwide are celebrating Donald Trump’s renunciation of democratic advocacy.
  6. durostu1_Apu GomesGetty Images_LAfire Apu Gomes/Getty Images

    Insurers Must Embrace Geospatial AI

    Pierre du Rostu touts the technology’s benefits for an industry that must shift its focus from paying claims to managing risk.
  7. gelfand4_Andrew HarnikGettyImages_trump_gesture Andrew Harnik/Getty Images
    Free to read

    It’s Time to Abandon Trump’s Flawed Negotiation Playbook

    Michele Gelfand points out that the best dealmakers strive for win-win outcomes, not zero-sum Pyrrhic victories.
  8. bajraktari3_NICOLAS TUCATAFP via Getty Images_fusionreactor Nicolas Tucat/AFP via Getty Images

    America’s Last Chance to Lead in Fusion Energy

    Ylli Bajraktari warns that China's domination of the sector would give it massive economic and geopolitical leverage.
  9. rogoff260_ STRAFP via Getty Images_chinarealestate STR/AFP via Getty Images

    China Can’t Spend Its Way Out of Trouble

    Kenneth Rogoff argues that the country’s problems can be traced back to its response to the 2008 financial crisis.

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