Trading apps and prediction markets have replaced bucket shops and the parallels with 1901 don't stop there. Read More
The new Federal Reserve chair’s first speech at the Jackson Hole conference featured surprising candor about his views of inflation.... Read More
My professional focus has been identifying and trying to correct the common behavioral errors we all make as investors. One cannot help but... Read More
Prediction markets reveal which beliefs people are actually willing to risk money on — and generate valuable information in the process. Read More
And why Beijing can’t—or won’t—crack down. Read More
Stephen S. Roach takes US Treasury Secretary Scott Bessent to task for pursuing ineffective currency and bond interventions. Read More
The Committee for a Responsible Federal Budget — an independent think tank in Washington, D.C., that focuses especially on our insane... Read More
Some laughed, thinking it impossible to destroy the American economic juggernaut, but decades later, we’re $40 trillion in debt. Read More
Against the backdrop of the majestic Grand Teton mountains, Kevin Warsh will deliver a speech next week that is likely to have a profound... Read More
Propping up the yen. Buying back U.S. debt. Americans might wonder: What is the Treasury Department doing? Read More
Other than taxpayers, bodega owners stand to be some of the biggest losers if New York Mayor Zohran Mamdani (D) realizes his dream of... Read More
Do you relish going to the DMV? The answer is in the question. And the question is a civilized discussion tool for investor Rob Arnott. Read More
The New York City mayor treats budget constraints as a political choice rather than an economic fact. Read More
New York Mayor Zohran Mamdani announced this summer that he will open city-owned grocery stores in the coming years. Meanwhile, U.S. Commerce... Read More
Heading into the weekend, one would be forgiven for thinking the only thing turning heads at vast speed in our nation’s capital would... Read More
Somewhere inside Deloitte's partnership ranks, a staffer built a spreadsheet. It sorted candidates for partner, principal, and managing... Read More
It seems that everyone is talking about data centers these days; they’ve taken over the Internet with memes and conspiracy theories. As a... Read More
A growing number of companies are folding AI usage volume into hiring and layoff decisions. If your intention is to spotlight your... Read More
California should be the happiest state to live in, but it’s not by a long shot. Read More
As I write this, the jury in the Lindsay Clancy case has not reached a decision. Hundreds of psycho women wearing pink shirts are protesting... Read More
HBO’s The Gilded Age shows how economic dynamism drives social inclusion. Read More
Few Americans are familiar with brands like LKQ Corporation, Dorman Products or Standard Motor Parts. Yet the chances are high that a... Read More
On the danger of finding the patterns you're looking for. Read More
It was the best of times, it was the worst of times, it was a market of tranquility, it was a market of chaos, it was an era of wealth... Read More
A dedicated portfolio bucket can help retirees self-fund future care. Here’s how much to set aside, how to invest it, and where to hold it. Read More
10 of the most important stock market charts of all-time. Read More
The US deficit-bond math isn't very attractive. Read More
It wasn’t always like this Read More
It is a long-established fear among bond investors and economists that a country that runs higher budget deficits will eventually suffer from... Read More
For decades, global investors were willing to pay a premium for the safety and liquidity of US Treasurys. That premium has eroded in recent... Read More
Top investors have been selling these stocks recently. Read More
An overview of employment in the US. Read More
The last 40 years were special; they aren't a template for the next 40. Read More
A view of markets and economy through maps Read More

The Committee for a Responsible Federal Budget — an independent think tank in Washington, D.C., that focuses especially on our insane federal deficits — raised more than a few eyebrows this week with a new report on Social Security.... Read More
It was the best of times, it was the worst of times, it was a market of tranquility, it was a market of chaos, it was an era of wealth creation, it was an era of wealth destruction.... Read More