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Curated by Project Syndicate

Germany’s Gathering Storm

5 commentaries

 The ground is shaking beneath Chancellor Angela Merkel, with the far-right Alternative für Deutschland now in the Bundestag and the Social Democrats determined not to join a new grand coalition. Merkel now faces the thorny task of forming a government with the Greens and the Free Democrats as she starts to address the problems of a domestic economy grown complacent, and a Europe desperate for renewal.

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  1. shiller128_Drew AngererGetty Images_NYSEUSstockmarket Drew Angerer/Getty Images

    Understanding the Pandemic Stock Market

    Robert J. Shiller

    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.

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