On May 10, 1869, workers drove a golden spike at Promontory Summit, Utah, and the Union Pacific met the Central Pacific. For the first time,... Read More
It’s a twist worthy of famed director M. Night Shyamalan — President Donald Trump saves Hollywood, the community that thinks he’s Adolf... Read More
A Grow or Die case study Read More
For decades we have lived in a world that seemed to transcend geography. Read More
For more than 60 years, America’s response to global climate change has been like a hot potato passed from the presidency to Congress... Read More
Monday’s oral arguments in Suncor v. Boulder suggested that many of the Supreme Court justices understand the danger of an economic... Read More
There's a good reason why someone worth billions might use a mortgage to buy a house. Read More
Get out your trust rope and harness. Investors are once again climbing the proverbial wall of worry—and earnings season could provide... Read More
Headline Index Rises to 46.8 as All Three Components Advance; Investors Pull 25.1 Points Ahead of Non-Investors, the Widest Gap Since the... Read More
Is it too late to buy? Read More
The US debt load crossed $40 trillion in August 2026. The Treasury publishes the number and updates it every business day. $32.4 trillion of... Read More
You, and every U.S. reader, have inherited a debt of $40 trillion, or more than 100 percent of gross domestic product (GDP). The debt is... Read More
Congress is acting rationally, and in sober fashion. As the wealth pie grows so does federal tax revenue, along with the ability of Treasury... Read More
August’s ugly $105.6 billion trade deficit tells two very different stories. One begins with the Supreme Court’s February... Read More
New state-by-state CAP analysis finds that the Trump administration’s tariffs cost small-business importers in all 50 states and... Read More
Never doubt the creativity of state and federal politicians when it comes to rescuing Americans from problems that do not exist or are vastly... Read More
The products emerging will blow us away. Read More
"It is not the critic who counts; not the man who points out how the strong man stumbles, or where the doer of deeds could have done them... Read More
We have moved well past the point where artificial intelligence represents a simple software upgrade or a clever chat interface on a... Read More
Panic accompanies every technological innovation, and artificial intelligence is no exception. Read More
This week marks another milestone for socialist Mayor Zohran Mamdani’s goal of remaking New York’s economy. By definition, it... Read More
Even as Mamdani publicly touted the Rent Guidelines Board’s independence, top administration officials were collaborating with its members... Read More
A few days before the leaders of the world streamed into the cavernous, marble-lined General Assembly Hall to deliver their speeches on the... Read More
Two more federal equity deals with private companies were announced in September. Read More
Housing is still affordable there, but only if the region keeps building. Read More
This is arguably the best of times to build a TIPS ladder to secure your retirement. Read More
"If past history was all that is needed to play the game of money, the richest people would be librarians." -Warren Buffett Read More
Who needs stuff? Read More
Algorithms and short-form video drove engagement. They also made it easier to quit. Read More
Why you can't trust sentiment surveys anymore. Read More
Revisions remove part of the startup boom. Read More
The AI boom isn't yet visible in the productivity stats. Read More
We are well aware of what it costs to sit out a mania while it is still running. However, we would rather explain a few years of patience... Read More
Commodities and cash were the only winners among the major asset classes in September. Read More
The AI wealth effect. Read More
By looking at the money that the Fed sends to the US Treasury each year, this explainer demonstrates how much these funds distort the... Read More

The US debt load crossed $40 trillion in August 2026. The Treasury publishes the number and updates it every business day. $32.4 trillion of it is borrowed from investors, pension funds, and foreign governments. Another $7.7 trillion is owed to the government's trust funds, including the funds that pay Social Security and Medicare. I spent two terms chairing the House Financial Institutions Commit... Read More
Congress is acting rationally, and in sober fashion. As the wealth pie grows so does federal tax revenue, along with the ability of Treasury to borrow in growing amounts for a Congress that is still nursing its first drink. Debt doesn’t just happen. Instead, debt rises as market expectations about the capacity for the borrower to pay monies borrowed back grows. The national debt isn’t ... Read More