China has been hinting at sending military aid to Russia and President Biden has been responding by threatening “serious sanctions” if China did so. But, realistically, it’s not clear what we would – or could – do to punish China, … Continue reading →
Rep. Marjorie Taylor Greene garnered headlines this week when she repeated calls for a national divorce. But she is not alone in that view. A 2021 poll found, for example, two-thirds of southern Republicans in favor of such a split. … Continue reading →
While most of the developed world (notably, the United States) displays continued economic growth, Great Britain continues to lag, with a mix of villains behind its poor performance. Covid and inflation notwithstanding, every other major country has been … Continue reading →
Last Friday’s extraordinary jobs report was just the latest in a string of recent data that show a strong economy, including signs of moderating inflation. In addition to the good news on jobs, the most recent report on overall economic … Continue reading →
Important news that has received little attention: Enrollments in the Affordable Care Act exchanges have been rising sharply and the number of Americans without insurance have been falling commensurately. After a strong start under President Obama, the number of Americans … Continue reading →
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 →
