Because the goal of investing is to accumulate real wealth—an enhanced ability to pay for goods and services—the ultimate focus of the... Read More
Here's the analysis. Read More
Investors don’t seem to be taking the long-term risks of the war with Iran seriously. Read More
"If one-half of the commodities in the market rise in exchange value, the very terms imply a fall of the other half; and reciprocally, the... Read More
New Fed Chair Kevin Warsh may be boxed in as Powell and Biden-era allies reportedly hold enough votes to force rate hikes during an oil-price... Read More
Are rising government bond yields signaling economic trouble ahead? Pundits say so, arguing multi-decade-high 10- and 30-year yields across... Read More
Bonds are causing trouble again as yields rise and prices slump. This isn’t a sequel to 2022, the last time bonds really tanked. But it... Read More
Silicon Valley’s growth over recent decades has made California rich — and one of the most unequal places in America. Read More
A new poll shows that the overwhelming majority of Americans think federal taxes are too high. A record 70% of voters now think that... Read More
The U.S. House of Representatives and Senate are negotiating a new housing bill as Americans have become increasingly concerned with... Read More
When the Francis Scott Key Bridge in Baltimore was struck by a ship and collapsed, everyone wanted to see it rebuilt as quickly as possible.... Read More
Jamie Dimon and David Solomon — maybe the two most powerful bankers in New York — are invariably described as “tough,” “no... Read More
Today’s prices are lower than they were when a peanut farmer was president. Read More
Can the turnaround last? Read More
OpenAI announces it plans to IPO. Read More
Every president tests limits. Trump tests them faster than anyone, often with little thought about the consequences, his advisers tell us.... Read More
The equity risk premium is gone. Read More
Why rich people still have anxiety. Read More
No Read More
Growth is necessary but not sufficient for prosperity and flourishing. Read More
We've done private money before and it didn't work out well. Read More
Earnings season is just about over and it was a good one. Read More
Chips go into virtually everything manufactured, including cars, appliances, industrial equipment and phones. Subscribe for daily updates. Read More
Locked-in mortgage rates are keeping homeowners in place and driving a surge in renovation spending. Read More
Reduced saving will reduce trade imbalances and weaken the US Read More

Bonds are causing trouble again as yields rise and prices slump. This isn’t a sequel to 2022, the last time bonds really tanked. But it pays to make some moves to protect yourself.... Read More
Because the goal of investing is to accumulate real wealth—an enhanced ability to pay for goods and services—the ultimate focus of the long-term investor must be on real, not nominal, returns. - John Bogle, Common Sense on Mutual Funds There is a robust debate these days about whether today's high stock... Read More