The most consequential sentence of Chinese President Xi Jinping’s visit to Washington may also be the simplest: “The Thucydides Trap can be overcome.” This line, delivered during Xi’s speech at the White House arrival ceremony, provides a better key to understanding the summit than the rich references to the history of US-China exchanges and the […]

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TOKYO — The bond vigilantes are back — and now they’re patrolling every major debt market at once. As deficits balloon, spending runs unchecked and oil prices spike, investors are reasserting control over markets that once seemed shielded from shocks and sending yields skyrocketing. The revolt spans the US, Japan, Europe and beyond as a […]

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