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Articles by Greg Ip
The Oil Shock Could Make Us Stronger
India News 1 day ago How regulation stifles HEIs thehindu.com - Amruth G Kumar • 1d The Viksit Bharat Shiksha Adhishthan (VBSA) Bill, 2025, which is currently under legislative review, is an attempt to overhaul the regulatory system … Wine & Spirits 3 days ago FTC settles with Southern Glazer's over claim it discriminated against smaller alcohol sellers Associated Press - By DEE-ANN DURBIN • 3d The Federal Trade Commission said Friday it settled with the largest U.S. distributor of wines and...
The Oil Shock Could Make Us Stronger
The oil shock brought on by the war with Iran has ravaged truckers, angered voters and endangered Republicans’ control of Congress. Here’s the surprise: It may be making the economy stronger.
¿Gastará EU 9% del PIB en IA? La industria cuenta con ello Original
¿Gastará EU 9% del PIB en IA? La industria cuenta con ello 05 MIN 00 SEG Greg Ip / THE WALL STREET JOURNAL Nueva York, Estados Unidos (05 octubre 2026) .-05:00 hrs Crédito: WSJ Quienes creen en el auge de la inteligencia artificial deben examinar detenidamente esta cifra: el 9% del PIB.
AIに米GDPの9%を支出? 業界の期待と現実
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://jp.wsj.com/articles/will-america-spend-9-of-its-gdp-on-ai-the-industry-is-counting-on-it-329347e8
Will America Spend 9% of Its GDP on AI? The Industry Is Counting on It
To justify staggering investment sums, Americans will have to spend as much of their income on this one technology as they do on food Believers in the artificial-intelligence boom need to take a very close look at this number: 9% of GDP. That is how much American businesses and consumers eventually have to spend per year on the services of companies like Anthropic and OpenAI to justify the staggering sums being committed to the technology right now. Copyright ©2026 Dow Jones & Company, Inc.
Will America Spend 9% of Its GDP on AI? The Industry Is Counting on It. — WSJ
Believers in the artificial-intelligence boom need to take a very close look at this number: 9% of GDP. That is how much American businesses and consumers eventually have to spend per year on the services of companies like Anthropic and OpenAI to justify the staggering sums being committed to the technology right now. Is it plausible that Americans will spend as much of their income on this one technology as they do on food?
This Datapoint Could Explain Soaring Bond Yields
Plus, immigration’s economic impact, Russia’s diesel-export ban and horseshoe theory in Michigan Bonds had another bad day Wednesday, with the 10-year Treasury yield climbing to 5.304%, its highest since 2002. Why, when August inflation came in lower than expected? Another datapoint released at the same time could be to blame.
IA: una pesadilla para quienes buscan regularla
IA: una pesadilla para quienes buscan regularla 05 MIN 00 SEG Greg Ip / THE WALL STREET JOURNAL Nueva York, Estados Unidos (28 septiembre 2026) .-05:00 hrs No existe un modelo para una tecnología que es, a la vez, inmensamente beneficiosa y profundamente peligrosa. Crédito: FREEPIK Desde la energía nuclear y los aviones a reacción hasta los fármacos y los derivados financieros, llevamos generaciones regulando tecnologías de riesgo.
IA: una pesadilla para quienes buscan regularla
IA: una pesadilla para quienes buscan regularla 05 MIN 00 SEG Greg Ip / THE WALL STREET JOURNAL Nueva York, Estados Unidos (28 septiembre 2026) .-05:00 hrs No existe un modelo para una tecnología que es, a la vez, inmensamente beneficiosa y profundamente peligrosa. Crédito: FREEPIK Desde la energía nuclear y los aviones a reacción hasta los fármacos y los derivados financieros, llevamos generaciones regulando tecnologías de riesgo.
AI Is a Regulator’s Nightmare
There is no template for a technology that is both immensely beneficial and deeply dangerous From nuclear power and jets to drugs and financial derivatives, we’ve been regulating risky technologies for generations. None of that prepared us for AI. Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Xi’s Economy Is Failing China’s People
Sept. 24, 2026 5:59 am ET The conventional wisdom is that Chinese leader Xi Jinping meets President Trump today from a position of strength. The conventional wisdom is wrong. Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Beware Oil’s Second Strike on Inflation
Plus, AI for lawyers, sovereign-debt ratings and the decline of grandmothers An oil-price spike delivers two hits to inflation. The first is quick and obvious: As gasoline and other fuel costs jump, so does total “headline” inflation. The second is slow and subtle. As costlier fuel works its way into other products and services, “core” inflation, which excludes food and energy, comes under upward pressure. Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
米国で共和党ポピュリズムと民主社会主義が接近
民主社会主義者の市長と共和党の副大統領が、共通の理念に基づいて自由市場の象徴をこき下ろしたことは、「蹄鉄(ていてつ)党」と呼べるものの台頭を告げている。 「蹄鉄理論」とは、政治の両極(極右と極左)は似通ってくるとする理論だ。数十年前に共産主義とファシズムの類似性を説明するために作られた言葉だが、今日ではバンス氏に代表される共和党ポピュリズム派とマムダニ氏に代表される進歩左派が、自党の中道を離れて互いに近づく様子がこれと一致する。 極右も極左も自由市場とグローバリゼーションを拒否し、強制的で大きな政府を受容する。いずれもアイデンティティーに強くこだわり、ポピュリスト右派が移民に反発する一方、進歩左派は「植民地主義」や制度的人種差別を非難する。両者とも「大衆対グローバルエリート」という見方をするポピュリストで、自党の支配層を後者だと考える。 極右と極左の正式な分類はない。どちらか一方の見解を持つ人もいれば、両方またはその中間の見解を持つ人もいる。それでも、随所で起きている奇妙な連携には、両極の収束が見られる。...
米国で共和党ポピュリズムと民主社会主義が接近
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://jp.wsj.com/articles/populist-republicans-and-democratic-socialists-are-starting-to-merge-f7f67e3e
Populist Republicans and Democratic Socialists are starting to merge
; ; ; ; Continue reading More for You Continue reading More for You
Populist Republicans and Democratic Socialists Are Starting to Merge
Call it the ‘Horseshoe party’: The extremes in both parties are starting to sound alike in their disdain for capitalism and centrism Sept. 11, 2026 12:54 pm ET Democratic socialists Sen. Bernie Sanders (I., Vt.) and New York City Mayor Zohran Mamdani at a rally in June. Adam Gray/Bloomberg News June 30 was a bad day for Nobel Prize-winning champions of free markets. That day New York City Mayor Zohran Mamdani recalled Friedrich Hayek’s put-down of socialists.
WSJ ⟩ Miks maailm peaks suruma üles Hiina jüaani kursi
THE WALL STREET JOURNAL TELLIJALE Artikli sisu pärineb partnerväljaandest The Wall Street Journal. Hiina jüaanid on paljudele pinnuks silmas. Foto: NICOLAS ASFOURI / AFP Loe kokkuvõtet Aastal 1985 kohtusid New Yorgi Plaza hotellis juhtivad majandusriigid, et arutada, mida teha paigast ära valuutaga, mis kogu globaalmajandust ohustas. Hiina tohutu kaubandusülejääk ja odav jüaan panevad üha valjemini kõlama üleskutsed uueks Plaza kokkuleppeks – seekord Pekingit sihtides.
WSJ ⟩ Miks maailm peaks suruma üles Hiina jüaani hinna
THE WALL STREET JOURNAL TELLIJALE Artikli sisu pärineb partnerväljaandest The Wall Street Journal. Hiina jüaanid on paljudele pinnuks silmas. Foto: NICOLAS ASFOURI / AFP Loe kokkuvõtet Aastal 1985 kohtusid New Yorgi Plaza hotellis juhtivad majandusriigid, et teha tegemist paigast ära valuutaga, mis kogu globaalmajandust ohustas. Hiina tohutu kaubandusülejääk ja odav jüaan panevad üha valjemini kõlama üleskutsed uueks Plaza kokkuleppeks – seekord Pekingit sihtides.
「次のベネズエラ」になりたくないカナダ
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加拿大拒绝成为下一个委内瑞拉
Trump Signs Executive Order Renaming Lake Ontario to 'Lake America' Your browser does not support HTML5 video.
Canada doesn't want to be the next Venezuela
A few months after capturing Venezuela's leader, President Trump mused about making it the 51st state. Venezuela didn't end up an American state. It is more of a vassal, or protectorate, or a colony. Call it what you will, it isn't sovereign. Its interim president, Delcy Rodríguez, was installed by the Americans and serves at their pleasure. American troops come and go at will. Its oil revenue flows through the U.S. Treasury.
Top News Today/Canada: Carney Says U.S. Failed to Give Assurances on Tariff Levels
U.S. Failed to Give Assurances on Tariff Levels, Carney Says Any trade pact Canada strikes with the U.S. must ensure that agreed-upon tariff levels on certain goods would not be subject to change, Prime Minister Mark Carney said. Those assurances were not provided in talks last month, Carney said, which then collapsed and triggered new U.S. tariffs on Canadian goods, and proposed retaliatory tariffs from Ottawa set to take effect on Tuesday.
Canada Doesn't Want to Be the Next Venezuela - Capital Account — WSJ
A few months after capturing Venezuela's leader, President Trump mused about making it the 51st state. Venezuela didn't end up an American state. It is more of a vassal, or protectorate, or a colony. Call it what you will, it isn't sovereign. Its interim president, Delcy Rodríguez, was installed by the Americans and serves at their pleasure. American troops come and go at will. Its oil revenue flows through the U.S. Treasury.
Canada Doesn’t Want to Be the Next Venezuela
Scientists Find Parasites in Almost Every Fish From a Recent Tuna Haul – 96% Were Infected A fatty tuna that is often used for sashimi or canning may be swimming with parasites more often than not. When scientists at the Federal University …
Canada Doesn’t Want to Be the Next Venezuela
Under his ‘Donroe’ doctrine, Trump no longer treats Venezuela as sovereign and Canada fears the same treatment Venezuela’s interim President Delcy Rodríguez. Juan Barreto/AFP/Getty Images A few months after capturing Venezuela’s leader, President Trump mused about making it the 51st state. Venezuela didn’t end up an American state. It is more of a vassal, or protectorate, or a colony. Call it what you will, it isn’t sovereign.
債券市場、G20に「落第点」突き付ける
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债券市场给全球领导人打出不及格分数
如果你是一名全球债券投资者,最近发愁的事可不少。政府赤字失控,通胀居高不下;此外还有贸易战和真枪实弹的战争,各种地缘政治因素有可能让这两大难题雪上加霜。 你可能已经注意到,那些有望解决这些问题的政府高官本周齐聚一堂,参加了二十国集团(G-20)峰会。你或许曾希望他们能采取点行动,任何行动都可以,好让你安心。 Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
The Bond Market Issues World Leaders a Failing Grade
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The Bond Market Issues World Leaders a Failing Grade — WSJ
If you're a global bond investor, you've had a lot to fret about lately. Government deficits are out of control, inflation is stubborn, and geopolitics, from trade wars to actual wars, threaten to make both worse. You probably noticed that the government officials who can presumably do something about these things got together this week for the G-20 summit. You might have hoped they would do something, anything, to put your mind at rest.
The Bond Market Issues World Leaders a Failing Grade
Nothing in this week’s G-20 suggested an end to the deficits, inflation and geopolitical disruptions that are roiling investors Treasury Secretary Scott Bessent with Federal Reserve Chairman Kevin Warsh at the G-20 meeting in Asheville, N.C., on Tuesday. Melissa Sue Gerrits/Getty Images If you’re a global bond investor, you’ve had a lot to fret about lately. Government deficits are out of control, inflation is stubborn, and geopolitics, from trade wars to actual wars, threaten to make both worse.
人民元切り上げる新「プラザ合意」が必要な訳
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華爾街日報》世界為何須迫使人民幣升值 | Greg Ip | 新聞
1985年,世界主要經濟大國的代表齊聚紐約廣場飯店(Plaza Hotel),以應對一種嚴重失衡、危及整個全球經濟的貨幣。 如今,世界需要另一份「廣場協議」,但這一次的目標不是壓低被高估的美元,而是推高被低估的人民幣。 中國巨大且不斷成長的貿易順差,正威脅著要掏空其貿易夥伴的產業基礎。多年來,世界其他國家一直懇請中國改變其經濟模式,更多地依賴國內需求而非出口,但收效甚微。 資訊不再稀缺,能融會貫通才是真有料! 全新推出《華爾街日報》主題包,登入會員免費領! ☛立即領取 一份以關稅為後盾的貨幣協議,或許是促使中國採取行動的唯一途徑。時機或許已經成熟。對中國的不滿情緒日益高漲,尤其是在歐洲。法國政府在2月份的一份報告中稱:「中國的這股浪潮如今威脅到……歐洲生產體系的核心。」今年6月,德國基民盟主席弗里德里希·梅爾茨(Friedrich Merz)呼籲針對中國達成一份新的「廣場協議」。 本周末,20國集團(G20)的央行行長和財政部長們將在北卡羅來納州阿什維爾舉行會議,這將是開啟對話的良好起點。 貿易順差的規模...
世界为何须迫使人民币升值
1985年,世界主要经济大国的代表齐聚纽约广场饭店(Plaza Hotel),以应对一种严重失衡、危及整个全球经济的货币。 如今,世界需要另一份“广场协议”,但这一次的目标不是压低被高估的美元,而是推高被低估的人民币。 Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Why the World Needs to Force China’s Yuan to Revalue
4 hours ago When they push harder, don’t push back. Think smarter. What do you do when you’re sitting across the negotiating table from someone who has more power than you do — and they know it? I’ve dealt with a few people like this during my career. Chances are, you have too. They push, threaten, and make …
Why the World Needs to Force China’s Yuan to Revalue
China is flooding the world with cheap exports. An accord to revalue its currency might be the only solution. Aug. 28, 2026 10:00 am ET Treasury Secretary James Baker, who negotiated the ‘Plaza Accord’ to help weaken the dollar, spoke to reporters at New York’s Plaza Hotel in 1985. Mario Cabrera/AP In 1985, the world’s leading economic powers met at New York’s Plaza Hotel to deal with a currency so out of whack it was putting the entire global economy at risk.
With more sanctions on Iran anticipated, what can U.S. consumers expect?
Treasury Secretary Scott Bessent is expected to unveil additional economic sanctions against Iran, following President Trump’s announcement that the U.S. will go after countries that support Iran economically. What does that mean for the market’s views of the economy and our own wallets? Greg Ip, chief economics commentator at The Wall Street Journal, joins host Scott Tong to discuss. This article was originally published on WBUR.org. Copyright 2026 WBUR
米国債「安全資産」の地位に陰り
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The Treasury Market’s Coveted Status as a Safe Haven Is Fading
Two new studies find signs investors aren’t as willing to accept low yields because of Treasurys’ safety Treasurys are used to price, hedge and collateralize countless transactions in unrelated markets. Jeenah Moon/Reuters This year’s upward march in bond yields has many drivers, from sticky inflation to heavy AI-linked corporate borrowing. Lurking in the background, though, is a more troubling possibility. Treasurys, long the world’s preferred “safe” asset, are looking less safe.
美债市场最受追捧的“安全资产”属性渐失
今年债券收益率的攀升有诸多驱动因素,从居高不下的通胀,到大规模的AI相关企业举债,不一而足。 然而,在这背后潜藏着一种更令人不安的可能性:美国国债长期以来一直是全球首选的“安全”资产,如今看起来却不再那么安全。相对于其他证券,美国国债的收益率已不再那么低;而在市场承压之际,它们也不再发挥避险作用。 Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
The Treasury market's coveted status as a safe haven is fading
This year's upward march in bond yields has many drivers, from sticky inflation to heavy AI-linked corporate borrowing. Lurking in the background, though, is a more troubling possibility. Treasurys, long the world's preferred “safe” asset, are looking less safe. Relative to other securities, their yields are no longer quite so low, and in moments of stress, they don't behave like a haven.
The “Everywhere Millionaire”: A Book Event with Owen Zidar and Eric Zwick
“Who are the rich in America?” Princeton University’s Owen Zidar and the University of Chicago’s Eric Zwick set out to answer this question in their new book, The Everywhere Millionaire: Who Is Really Rich in America and How They Got There. Meticulously combing through data and real-life stories, they dispel misguided notions about America’s wealthy. Wall Street tycoons and Silicon Valley tech moguls are only a sliver of America’s rich.
Llega el auge económico sin creación de empleos
Llega el auge económico sin creación de empleos 05 MIN 00 SEG Greg Ip / The Wall Street Journal Nueva York, Estados Unidos (14 agosto 2026) .-07:14 hrs Feria de empleo en Carson, California, a principios de este verano. Crédito: Especial Patrick Collison, director ejecutivo de Stripe, empresa de pagos digitales, encuestó recientemente a sus 1.5 millones de seguidores en X sobre sus perspectivas económicas.
米経済に「雇用なき成長」到来
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The Jobless Boom Has Arrived
The stock market thinks the economy is accelerating. Don’t expect jobs to follow. A job fair in Carson, Calif., earlier this summer. Justin Sullivan/Getty Images Patrick Collison, chief executive of digital payments company Stripe, recently polled his 1.5 million followers on X about their economic outlook. Some 13,000 took the survey. On average, they expect economic growth to double over the next five years, to an average of 4.3%, and employment to fall by around 8%.
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