History has a very clear answer to what "one-time" and "only the wealthy" mean in the long run: ongoing, and not only the wealthy. Read More
The American-Israeli war on Iran has spiked oil prices, as tankers hesitate to transit the Strait of Hormuz, a narrow waterway... Read More
Given the energy disruptions in the Middle East and the topsy turvy fluctuation in the price of crude oil, here are a few facts we thought... Read More
Every few years, Washington rediscovers fraud. Read More
Philip Bump: New polling shows Americans remain skeptical of Trump’s leadership as president — including what was once his strongest... Read More
Ferrari is pushing ahead, while Lamborghini has scrapped its EV Read More
Armchair investors have endured several stomach-churning days in March, with the S&P 500 and Dow Jones averages seesawing in response to... Read More
When expectations fall, the wall of worry rises. Read More
For many Americans, the present economic circumstances feel uneasy, and the future feels worse. They direct their anxiety at other countries,... Read More
"Those that fail to learn from history are doomed to repeat it." - Winston Churchill in a speech to the House of Commons in 1948 "History... Read More
More than 50 years ago, Seymour Lipset summarized the big discrepancies in the polls about domestic issues, about Presidential candidates,... Read More
When the nation’s labor secretary flubs arithmetic while struggling to defend poor employment data, there’s a problem. Read More
Arkansas leads push for work requirements in public housing as Trump administration proposes major welfare reform changes to federal HUD... Read More
In 2010, Kevin Warsh told a room full of Wall Street executives that the Federal Reserve is not a repair shop. His meaning was plain: step in... Read More
In his State of the Union address last month, President Trump rightly lauded what his administration has done to unleash American energy... Read More
Oh, they laughed when I lined the backyard with kiddie pools and filled each one with gasoline and covered them all with evaporation... Read More
President Donald Trump is right: The short-term spike in oil prices is “a very small price” to pay for ending the Islamic Republic’s... Read More
AI trading and algorithms now dominate stock markets, accelerating volatility and forcing investors to rethink traditional strategies. Read More
The Hong Kong Stock Exchange shot to the top as the world’s foremost venue for initial public offerings in 2025 and pushes... Read More
Conservatives talk rhapsodically about markets, while sometimes ignoring the market signals that reject their occasional alarmism. Which is... Read More
Even if the government hits the tax revenue jackpot, it’s naïve to assume lawmakers would pay down the debt. Read More
Governments have yet to accept that free societies are also prosperous societies. Read More
Traders on prediction markets bet on nearly anything. One made more than half a million dollars betting on the U.S. strike against Iran. But... Read More
Great Game is how we describe any era-defining geopolitical competition where the stakes are civilizational, the timeline is generational,... Read More
Warner Bros. Read More
Global inequality has narrowed and the poor are gaining ground. If the system feels rigged, we should look to government policies that... Read More
When Americans talk about identity today they talk about national politics. But most of us first learn who we are somewhere much smaller. Read More
The February payroll report was an ugly one, and a bit of a mess. Read More
Understanding the portfolio effects of US equity market concentration. Read More
AI technology is transformative and here to stay. But the inflated financial architecture supporting it may be unsustainable. Read More
The surge in new US business formation is being fueled by AI and large language models that are dramatically reducing... Read More
Long-term care needs are one of the most common and financially significant risks in retirement. Read More
When war breaks out, micro issues have a way of quickly becoming macro issues. Specific blockages and bottlenecks tend to cause broad supply... Read More

Long-term care needs are one of the most common and financially significant risks in retirement. ... Read More
Note: Part 1 showed how Betting Markets can complement and substitute polls. My “Safe Bet” op-ed in the Wall Street Journal (August 1, 2003), suggested that relying on information derived from existing financial markets, and complementing it with those from “betting markets” about military and political events, would offer better ways to manage businesses than relying on mi... Read More