Why is the market doing so well when the economy is doing so poorly? Originally published in the New York Times From the Department of Curiosities: On Tuesday, as the number of new coronavirus cases continued to spike to record levels, the stock market closed out its strongest quarter in more than two decades. That […]
The economy can’t fully recover without longer-term help from Washington. Originally published in the New York Times Like dutiful soldiers, President Trump’s top economic advisers have been ardently echoing their boss’s optimism about the likelihood of a quick economic snapback, while downplaying the need for another rescue package. Regrettably, that’s dead wrong on both counts, as even Mr. […]
Congress gets an A+ for speed but a B- for quality. Originally published in a New York Times Op-Ed The next round of economic stimulus has now emerged from Congress’s sausage factory, with more rescue efforts inevitably to follow. Hats off to Congress for moving quickly, particularly in passing the gargantuan $2.2 trillion package late […]
“[a] surprisingly modest account…Rattner has a journalistic talent for the telling detail, resulting in a memorable tale of life in the middle of the economic meltdown...Rattner deftly draws portraits of the inhabitants of "the Oval" and the West Wing...Rattner has proved himself a gifted chronicler.”
-Time Magazine
