Pablo Pardo (Washington) | Dean of the Blatavnik School of Government, Ngaire Woods is one of the people closest to Robert Keohane, of Princeton University, one of the most influential international relations theorists in the world. Woods, whose doctoral thesis was on European monetary union, has specialised in global governance and the role of multilateral institutions, two questions which have been the centre of debate following the victory of Donald Trump and Brexit.
Articles by Pablo Pardo
About the Author
Pablo Pardo (Washington) | Ángel Ubide, who was advisor to Spanish PM Pedro Sánchez between 2015 and 2016, has an enormous experience in financial markets. He has worked in the IMF, Goldman Sachs and three of the largest and best known hedge funds on Wall Street, Tudor, DE Shaw and now Citadel, where he is director of fixed income studies. He has also been a senior fellow of the Peterson Institute for International Economics, the most important think-tank specialising in economics in the US.
Pablo Pardo (Washington) | If in any country the word “socialist” is an insult, it is in the US of 2019. “Socialism” has become the war cry of the Republican party against the opposition Democrats, who control the House of Representatives, in large part because the media star of this party in the Congress, Alexandria Ocasio-Cortez, describes herself as a “democratic socialist”.
Pablo Pardo (Washington) | Many consider that his hedge fund, Bridgewater, is a sect. A sect in which the guru is the fund´s founder, Ray Dalio. A guru who is now semi-retired from the front-line of managing the fund, and dedicates himself to spreading his ideas about the world, life and the markets. Ideas which are captured in his best seller “Principles”, published in Spain by Deusto, in which he develops his philosophy of life and the markets in 608 pages with autobiographical touches.
Pablo Pardo (Washington) | Donald Trump could nominate Herman Cain, an eccentric businessman who has accumulated various scandals and a questionable economic baggage, as a board member of the Federal Reserve. Cain is famous for having directed the El Padrino pizza chain and also for having been a senior executive at Burger King.
Pablo Pardo | “In the 30s there was no econometrics and the economists could offer no advice on fiscal or monetary policy. In the last crisis the economists could offer ideas, say things like that, when interest rates are at zero, you have to use fiscal policy to stimulate the economy. This doesn’t mean that they listened to us. In Europe, for example, they pretty much ignored us,” explains William Nordhaus, Nobel laureate for economics in 2018.
Pablo Pardo (Washington) | Although the world’s prime economic power has grown for 114 consecutive months, Wall Street has spent the whole year in a saw teeth configuration. If stock market uncertainty was not enough, now fixed incomes have joined the chorus of anxiety. Since the summer, the yield curve has been flattening, in what appears to be the clearest sign of a recession in sight.
Pablo Pardo | The US National Bureau of Economic Research (NBER) measures recessions and expansions. According to this organization, the US emerged from the last recession in June 2009. If it lasts until May next year, it will become the longest expansionary cycle, breaking the record for expansion between 1991 and 2001.
When Madeleine Albright retired from the front line of politics in politics, she founded, first, an equity fund and then an equity management company and a consultant, ASG, which supports the internationalisation of US firms. But Albright has never really left the public sphere. Now she returns, at the age of 81, with a book: “Fascism: A Threat”.
Pablo Pardo (Washington) | In global political and journalistic mythology, the word “impeachment” is loaded with meaning. In the city of Washington, where this curious political figure takes place, its importance is much less. In practice, the impeachment is no more than a vote of “no confidence” in the US President by the House of Representatives.