By Kenneth Rogoff July 3, 2026 PARIS — To the casual observer of global economic trends, the European Union is currently locked in a precarious state of stagnation. Beset by glacial growth rates, the crushing fiscal weight of aging welfare states, and a palpable shortage of centrist political leadership, the…
By Barry Eichengreen July 3, 2026 The global financial markets are currently gripped by a fervor not seen since the dawn of the internet age. A wave of “mega-IPOs”—massive public offerings for companies at the vanguard of Artificial Intelligence, orbital logistics, and deep-space infrastructure—has unleashed a torrent of speculative enthusiasm.…