On MSNBC’s Morning Joe today, Steven Rattner charted the ongoing price surge in the American economy, highlighting the extent to which workers and consumers are losing more and more ground to inflation. The Labor Department released the March Consumer Price Index figures on Tuesday and it was not a pretty picture. Prices rose by 8.5% […]
On MSNBC’s Morning Joe today, Steven Rattner charted the recent extraordinary increases in housing costs – from mortgage rates to home prices to rental expenses. Amidst all the economic volatility underway, few sectors are oscillating more than housing, in ways that are affecting different groups of Americans in disparate ways and doubtless affecting their views […]
On MSNBC’s Morning Joe today, Steven Rattner used the occasion of the reopening Russian stock market to chart the collapse of the country’s economy, highlighting important indicators while also taking note of the global community’s dependence on Russian commodity exports. After shutting down its stock market on February 28, Russia partially reopened its exchange for trading on […]
On MSNBC’s Morning Joe today, Steven Rattner charted Wednesday’s policy shift for the Federal Reserve as the central bank revises its economic projections and attempts to tackle the country’s highest inflation in 40 years. As our economic recovery has gathered speed – and brought with it significant inflation – the Federal Reserve has been moved […]
On MSNBC’s Morning Joe today, Steven Rattner explained why despite considerable sanctions against Russian financial institutions, Russia’s energy sector continues to be spared due to global dependence. The developed world has imposed the most robust set of sanctions in memory on Russia in response to its invasion of Ukraine except for one important detail […]
On MSNBC’s Morning Joe today, Steven Rattner charted Russia’s surprising economic resiliency, which could allow it to both withstand sanctions and increase its military spending. John McCain famously once described Russia as “a gas station masquerading as a country.” That is still somewhat true but while Russia remains a small economy – smaller than Canada’s […]
On MSNBC’s Morning Joe today, Steven Rattner charted ongoing trends in the housing market, highlighting how a surge in demand, years of underbuilding, and record-low mortgage rates have contributed to one of the hottest real estate markets on record, adding significantly to the current surge in inflation. The government released new inflation figures yesterday showing […]
On MSNBC’s Morning Joe today, Steven Rattner charted yesterday’s collapse in Facebook/Meta’s stock, explaining what led to the selloff and noting which other technology firms have also fallen far from their peaks. Meta (formerly known as Facebook) set a new record yesterday – the largest single day loss of market value in stock market history. […]
On MSNBC’s Morning Joe today, Steven Rattner charted President Biden’s first year in office, highlighting accomplishments, like job growth and judicial appointments, that have been undermined by the highest inflation in decades. President Biden has just passed the first anniversary of his inauguration with some significant economic and broader accomplishments, as well as some continuing […]
On MSNBC’s Morning Joe today, Steven Rattner explained how forecasters missed the highest inflation in four decades and how wage gains for American workers, while more than welcome, have been outstripped by price increases. Wednesday’s Consumer Price Index may have been as expected but it was still bad; year-over-year inflation accelerated from 6.8% in November […]
