An interesting article about investors carrying too much cash was in today’s Wall Street Journal. There’s nothing in the piece that is... Read More
U.S. retirees plan to work until they die. Which is a very happy story about the evolution of retirement. The previous truths are lost on... Read More
One day after July’s CPI report told the Fed hawks to stand down, today’s Producer Price Index delivered the same broad message... Read More
Where Value Accumulates Now Read More
The roughly $30 trillion Treasury market — widely seen as the bedrock of the global financial system — is facing a dangerous... Read More
Three competing stock exchanges have opened in Texas since 2025, with all the drama of a classic Texas showdown. Read More
The inflation rate slowing to 3.4 percent in July is a move in the right direction but should not reduce the Federal Reserve’s sense of... Read More
If you will, come with us in our DeLorean in a time travel fever dream to July 14, 2026, the day June’s US Consumer Price Index (CPI)... Read More
America will win the race to superintelligence unless we defeat ourselves. Unfortunately, there is a scenario where that happens — and... Read More
Billions of dollars are flooding into — and out of — artificial intelligence, sparking concerns of a 2008-style economic bubble.... Read More
Elon Musk--the world’s first trillionaire--has a dizzying array of businesses. For instance, Tesla is the most valuable car company in... Read More
Teens used to be a pillar of the labor pool for employers during the summer season. However, today’s Employment Situation report for... Read More
Last year’s bankruptcy of American auto parts maker First Brands Group (FBG) was a major news story in Cleveland, where the company was... Read More
Interfering with homebuying was a first-week priority for Biden’s administration. Read More
The Left loves to talk about “tax fairness,” so we can’t imagine even Bernie Sanders being against this tax cut: Read More
As a group, these stocks wiped out an estimated $217.2 billion in shareholder wealth over the past 10 years. Read More
Investors are paying less for earnings. Not more. Read More
Spreadsheets aren’t infallible. Read More
A U.S.–Japan joint effort to support the currency won’t undo decades of distorted bond prices and mounting debt. Read More
J.D. Vance thinks you have too much stuff. Read More
Why do investors never seem to learn? Read More
Big Tech is working its way through all four stages of a money-spending matrix legendary economist Milton Friedman outlined. Read More
Foreign equities continue to outperform U.S. stocks this year, but there are signs that international leadership is faltering, based on a set... Read More
The relation between stocks and bonds indicates whether supply or demand shocks dominate the risks to economic activity. After two decades of... Read More
Leverage and complexity are gaining ground in today’s late-cycle markets, signaling caution – not crisis – and underscoring the value... Read More

U.S. retirees plan to work until they die. Which is a very happy story about the evolution of retirement. The previous truths are seemingly lost on policy writer John Mac Ghlionn. Writing recently at The Hill, Mac Ghlionn asserted with evident misery that “There are already a record 11.6 million Americans aged 65 and older still punching the clock.” He should be cheering what has him s... Read More
Elon Musk--the world’s first trillionaire--has a dizzying array of businesses. For instance, Tesla is the most valuable car company in the world, and it also sells battery storage for homes, businesses, and utilities. Musk is also a majority owner of X (formerly known as Twitter) which is perhaps the most important social media platform on the globe. He controls xAI, which developed and oper... Read More