The price that the U.S. government has to pay to borrow money for 30 years has already punched through 5 percent a year, its highest level... Read More
Matthew Lynn writes that a "financial castrophe" is in our future. It's due to the national debt. Lynn's analysis implies that markets are... Read More
It’s a common refrain: The middle class is hollowing out; Americans overall are increasingly falling short financially while a few are... Read More
Last year, the federal budget deficit was $1.8 trillion. It was not long ago when $200 billion deficits were considered unacceptable. In... Read More
The latest trade report delivers a simple but powerful message: America is selling more to the world, importing more of what it needs to... Read More
Treasury Secretary Scott Bessent and others argue that tariffs and industrial policy can restore America's strength. In reality, diversified... Read More
The great American wit H.L. Mencken once observed: Read More
Twenty years ago, SpaceX was a startup that couldn’t keep its rockets from exploding. Today, it accounts for 86% of all US orbital... Read More
Friday, sharp volatility struck and turned a slightly positive week negative, as the S&P 500 and MSCI World fell -2.6% and -2.2%,... Read More
Where's the global economic meltdown? We're 3 months into a war with Iran, the Strait of Hormuz closed. 20% of global LNG is shutdown for the... Read More
The May 2026 jobs report shows continued job growth and a stable unemployment rate, but there are also signs that labor market... Read More
Last week, JPMorgan, one of Wall Street’s longtime crypto skeptics, filed to launch a money market fund on Ethereum. Days... Read More
Darkened storefronts represent wasted opportunities to reach for the American Dream. Yet Mamdani still doesn’t have a comprehensive... Read More
Alexandria Ocasio-Cortez's anti-billionaire rhetoric discourages Gen Z from entrepreneurship, undermining the human spirit of achievement. Read More
If you ask American families to describe today's economy in a single word, the answer you keep hearing is uncertain. That's not a passing... Read More
Even giving SpaceX the benefit of the doubt in several key forecasts, only the most optimistic ‘moonshot’ scenario approaches the IPO... Read More
Long before futures or reinsurance, antiquity had its ways of pricing the weather, and one of them still hides in a word every analyst uses. Read More
And a pension abmonination Read More
A look at the SpaceX, Anthropic and OpenAI IPOs. Read More
Such analysis is generally a mixture of difficult and futile because of how much it hinges on known unknown counterfactuals. Read More
Some constructive thoughts on Bernie's proposal. Read More
Capitalism pulls a lot of people out of poverty but the rising tide doesn't lift all boats uniformly. Read More
There are no signs that AI is boosting anything but the Mag 7. Read More
The closure of the Strait of Hormuz is increasingly showing up as a working-capital problem for US corporates. Read More
History would argue that investing in popular securities and heavily concentrated versions of the S&P 500 over history has been the worst... Read More
With the upcoming SpaceX IPO and Anthropic also filing a confidential draft S-1, IPOs are in the news, to say the least. I thought it would... Read More

If you ask American families to describe today's economy in a single word, the answer you keep hearing is uncertain. That's not a passing mood. It has become the defining feature of our era. For nearly two decades, households have been asked to absorb one shock after another. The 2008 financial crisis. A decade of historically low interest rates. A global pandemic. Tariff regimes that seem to rewr... Read More
The latest trade report delivers a simple but powerful message: America is selling more to the world, importing more of what it needs to rebuild at home, and steadily shrinking the trade deficit. This is the unmistakable triumph of Trump tariff and tax policy. President Trump is the strategist who changed the battlefield, and his field-general trio — U.S. Trade Representative Jamieson ... Read More