The prospect of bilateral trade agreements involving the US, the EU, and much of Asia suggests that global trade negotiations are being superseded by huge new regional pacts. Will abandoning multilateralism reduce or exacerbate the political and economic risks of liberalizing trade among the world's largest markets?
Jul 4, 2013 explains how multilateral trade negotiations fail ordinary citizens.
The worse economic fundamentals and forecasts become, the more mysterious stock-market outcomes in the US appear. At a time when genuine news suggests that equity prices should be tanking, not hitting record highs, explanations based on crowd psychology, the virality of ideas, and the dynamics of narrative epidemics can shed some light.
