The seemingly inexorable rise in the stock market has now coincided with the publication of an important new book by Andrew Ross Sorkin about the 1929 crash, raising questions in the minds of many as to whether we are headed for a repeat of the events of nearly 100 years ago. Predicting markets is nearly […]

 The American economy seems to be entering what is sometimes called a “K-shaped” period, by which they mean a period in which the economy is working well for some Americans (usually those near the top) but not nearly so well for others, particularly those further down the ladder. In this cycle, the explosion of […]

As the government shutdown drags into its second week, many Americans are doubtless puzzling over exactly what this dispute is about, other than that it has something to do with healthcare. It’s a central part of the Republicans’ efforts to dismantle the Affordable Care Act, particularly key enhancements enacted in 2021. As a reminder, Obamacare […]

 The most anticipated meeting in a long while of the Federal Reserve Open Market Committee ended uneventfully, with the rate-setting body voting almost unanimously for the small, 0.25% rate cut that the market widely anticipated. Only President Trump’s most recent appointee, Stephen Miran, dissented, arguing for a 0.5% reduction instead. That brought the Fed’s […]

A recent poll underscored a variety of similar polls and data reflecting the economic pessimism that a majority of Americans have felt for at least several years. The realities present a tough challenge for President Donald Trump that will not be addressed by the president’s tendency to simply proclaim America’s greatness. The latest poll shows […]