Author Archive
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Nov 5, 2025Jay Powell's challenging tenure ends in May; the central bank's next leader will need to stick to a rules-based framework and a narrow mission. -
Nov 4, 2025On Socialism, sex work, and credit spreads -
Oct 31, 2025The question of the moment in markets is whether we are in an AI bubble, as stocks seem awfully expensive amid hopes that artificial intelligence will transform the economy. But... -
Oct 21, 2025The secrets to sustainable growth and wealth -
Oct 10, 2025The jaw-dropping spike in gold prices is a reminder of what primal creatures we humans are — especially the species among us known as active -
Sep 23, 2025When it comes to data sometimes more is less -
Aug 29, 2025New research shows a large and growing divergence in net worth between Americans over age 75 and those under 35. It is the richest of times, all apologies to Dickens, and it is the... -
Aug 26, 2025Cities, private markets, and clubs aren't so special anymore -
Aug 12, 2025Not a bad problem to have -
Jul 15, 2025The American economy is changing, not everyone is here for it -
Jul 9, 2025For too long, policymakers and businesses have made decisions on the belief that costs don’t matter. Reality is reasserting itself. -
Jun 17, 2025Alas, Stablecoin won't save us -
Jun 5, 2025On elite universities and early retirement -
May 20, 2025And the New Right hates Europe so much it wants to be it -
May 6, 2025The right and left have met -
Apr 22, 2025Revenge of the neoliberals -
Apr 15, 2025Protectionism makes industries less competitive. -
Apr 8, 2025The world order and American exceptionalism are being tested, but will prevail -
Apr 2, 2025A policy push for domestic manufacturing risks boondoggles. -
Mar 25, 2025Trumpanomics is high risk/high reward -
Mar 11, 2025I thought everyone wanted de-globalization and more safety -
Feb 25, 2025Soon we'll all have to pay for our externalities; at least there will be super long term bonds -
Feb 11, 2025The case for our institutions, even if they need to change -
Jan 29, 2025Back from the Cabal -
Jan 16, 2025Donald Trump and Bernie Sanders have floated the idea, but caps can force borrowers to turn to other sources with even higher rates. -
Jan 8, 2025Higher rates reveal where the bodies are buried
