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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. klee19_Gerhard JorenLightRocket via Getty Images_hyundaimanufacturing Gerhard Joren/LightRocket via Getty Images

    What Fiscally Sound Industrial Policy Can Do

    Keun Lee highlights three tools that can support domestic-market growth and development without breaking the bank.
  2. boskin94_Elijah NouvelageGetty Images_voting ANDREW CABALLERO-REYNOLDS/AFP via Getty Images

    Why Voters Are Unhappy About the Biden Economy

    Michael J. Boskin explains why Americans do not share the White House’s rosy assessment of its economic track record.
  3. ginsberg1_Tayfun CoskunAnadolu Agency via Getty Images_january6journalistviolence Tayfun Coskun/Anadolu Agency via Getty Images

    Our Freedoms Depend on Press Freedom

    Jodie Ginsberg warns that the increased targeting of journalists and the media is a key indicator of democratic erosion.
  4. balasegaram2_JOHN WESSELSAFP via Getty Images_africaflood John Wessels/AFP via Getty Images

    Climate Change Is a Worse Health Threat Than We Think

    Manica Balasegaram warns that the world is underestimating the extent to which global warming will fuel antimicrobial resistance.
  5. delong259_ChesnotGetty Images_musk Omar Marques/Getty Images

    Musk Has Made Tesla a Meme Stock

    J. Bradford DeLong

    Although Tesla appears to be wildly overvalued compared to rival automakers, its shareholders are betting that they can sell their holdings to a greater fool in the near future, and Elon Musk is eagerly indulging their speculative exuberance. None of it bodes well for company’s workers, suppliers, and other customers.

    worries that the first mover in electric vehicles is increasingly running on bucket-shop hype.
  6. buchholz15_Al Drago-PoolGetty Images_yellen Al Drago/Pool/Getty Images

    The US Treasury’s Bond Blunder Will Cost Gen Z Dearly

    Todd G. Buchholz & James Carter thinks the US should have locked in favorable borrowing rates when it had the chance.
  7. james217_ Christopher FurlongGetty Images_gold Christopher Furlong/Getty Images

    What’s Driving the Global Gold Rush?

    Harold James considers the political factors pushing the price of the “barbarous relic” to all-time highs.
  8. stiglitz333_ Chip SomodevillaGetty Images_bidentrump Chip Somodevilla/Getty Images

    Global Elections in the Shadow of Neoliberalism

    Joseph E. Stiglitz

    While scandals, culture wars, and threats to democracy dominate the headlines, the biggest issues in this super election year ultimately concern economic policies. After all, the rise of anti-democratic populist authoritarianism is itself the legacy of a misbegotten economic ideology.

    considers what 40 years of anti-government, low-tax, deregulatory advocacy have wrought around the world.
  9. terzi6_green transition degrowth Getty Images

    Averting Climate Catastrophe Requires Economic Growth

    Alessio Terzi & Gernot Wagner show why shrinking the global economy, as envisaged by advocates of degrowth, is a bad way to cut emissions.

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