Stage is Set for a Rate Cut, while Trade Contagion Spreads to Japan and Korea

School schedules make summer an ideal time to get away. During those vacations, families often encourage loved ones to make a clean break from business, to reconnect and recharge. And so, a worker’s greatest wish is for a quiet summer news cycle.

But in my own experience, that wish is rarely fulfilled. In 2008, I was in a craft barn with my children when the U.S. Department of the Treasury extended emergency support to Freddie Mac and Fannie Mae. I was kayaking on a lake in 2011 when U.S. Treasury debt was downgraded. And I was on a pastoral bike ride three years ago when British voters decided to leave the European Union.