House Republicans have declared themselves ready to take a stand against the federal government incurring more debt, borrowings that are used to finance the large deficits that Washington incurs every year. But raising the limit on borrowing – known as … Continue reading →
On MSNBC’s Morning Joe today, Steven Rattner charted the surprisingly positive recent trends in American economic inequality. Amidst our many economic concerns – from inflation to a potential recession – there’s also some good news on the economy: Income inequality, while … Continue reading →
Yesterday’s Consumer Price Index report was almost entirely encouraging, welcome news to both the White House and the financial markets. December became the sixth consecutive month to show lower overall inflation on a year-over-year basis, with prices 6.5% higher than … Continue reading →
On MSNBC’s Morning Joe today, Steve Rattner charted New York’s fall from favor – and Florida’s rise – among the wealthiest Americans. Newly released tax data for 2020 shows that wealthy New York residents moved south in substantial numbers, with … Continue reading →
Steve Rattner’s Morning Joe Charts: The Fed Is Feeling Pessimistic DECEMBER 15, 2022 As expected, the Federal Reserve raised interest rates by 0.5% on Wednesday, its seventh consecutive increase. While this hike was smaller than prior increases, the central bank … Continue reading →
Steve Rattner’s Morning Joe Charts: Tesla, Twitter, and Elon Musk DECEMBER 14, 2022 Elon Musk’s antics have had a notable business effect on his biggest endeavor (and the source of the largest component of his wealth), Tesla. Until Musk’s Twitter … Continue reading →
President Biden will visit Phoenix on Tuesday to celebrate the construction of a new semiconductor manufacturing facility being built there by the Taiwan Semiconductor Manufacturing Corporation, the world’s largest chipmaker and the manufacturer of the most sophisticated chips. Getting the … Continue reading →
It’s going to be an expensive Thanksgiving dinner this year for Americans – but that’s not the fault of the Biden administration or the Federal Reserve. Put the problem down to a series of mostly unrelated exogenous events, from bird … Continue reading →
On MSNBC’s Morning Joe today, Steve Rattner charted just how tough the housing market has gotten for would-be buyers. Recent data from the National Association of Realtors shows that the nation is facing a new housing crisis: the decreasing ability … Continue reading →
As midterm election campaigns draw to a close, two perhaps-surprising facts have emerged from the “money chase.” First, as much as $9 billion is likely to be spent on just Senate and House races. And second — contrary to some … Continue reading →
