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 facility located in the United States is a significant part of our strategy to become […]
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 flu to (possibly) climate change. This year, a homecooked dinner for an average family of […]
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 for first-time aspiring buyers — particularly Americans of color — to purchase a home. And […]
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 public perceptions — money is not the Democrats’ problem. The escalation in overall campaign spending […]
On MSNBC’s Morning Joe today, Steve Rattner explained the Fed’s latest decision – and where things stand in the central bank’s uphill battle against inflation. The Federal Reserve announced its fourth consecutive 75-basis-point interest rate increase on Wednesday as part of its continuing battle to contain raging inflation. That was expected. But what wasn’t expected […]
On MSNBC’s Morning Joe today, Steve Rattner broke down the markets’ view of the tightening race for control of Congress. Here are three supporting charts: With Election Day exactly two weeks away, polls are shifting in worrisome ways for Democrats and so are prediction (or betting) markets. While markets, like polls, have not always been accurate, […]
On Morning Joe today, Steven Rattner explained the macroeconomic context of the UK’s current turmoil. Below are three supporting charts: With the pageantry and tradition of the passing of Queen Elizabeth in the rear view mirror, the United Kingdom is now fully engaged in dealing with its most tumultuous episode of both political and economic […]
The Labor Department reported Friday that the Great American Jobs Machine grinds on – but paradoxically, that’s not good news for markets. And Americans continue to return to work slowly while inflation outpaces wage growth. The nation added 263,000 jobs in September – continuing a long run of monthly job increases – while the unemployment […]
On Morning Joe today, Steven Rattner discussed the latest figures on the national debt, which just crossed the $31 trillion mark. Below are four supporting charts: In the first 200 years of our nation’s existence, we accumulated $4 trillion of debt (including the cost of fighting two world wars). In the subsequent three decades, we […]
On MSNBC’s Morning Joe today, in the context of the Federal Reserve’s latest interest rate increase, Steven Rattner charted the central bank’s latest economic projections, noting that as interest rates head higher to confront stubborn inflation, the likelihood of an economic downturn (and a weak stock market) also rises. As expected, the Federal Reserve raised […]
