America's debt has surpassed 100% of GDP and the cracks are already showing. Read More
Nicholas Grossman: Iran’s rulers have an advantage in the current stalemate, because unlike the president and his party, they don’t have... Read More
Last week President Trump said that the high price of oil is “a very small price to pay" for keeping nukes out of Iran. His Secretary... Read More
The market’s optimism gap between young and old is the highest in the world Read More
All the right people are losing their jobs under President Donald Trump. Read More
Nearly every major forecasting failure of the last twenty years shared the same hidden mistake. Economists missed the financial crisis.... Read More
A challenge emerging from automated systems and especially AI is that as software systems take on more of the work of executing a... Read More
Trump is a businessman who sees matters of policy from a business perspective. So it’s no surprise that his attacks on his enemies, and... Read More
The results are in, and as widely expected, US inflation wasn’t pretty in April. The headline Consumer Price Index (CPI) rose 3.8% y/y,... Read More
The Federal Judicial Center in conjunction with the National Academies of Sciences, Engineering, and Medicine published... Read More
President Trump this week proposed suspending the 18.4-cent-a-gallon federal tax on gasoline in an attempt to bring down pump prices. But... Read More
They admired wealth creation they were reliant on to fight the Revolutionary War. Read More
One of the lowlights of the Biden Administration was Lina Khan’s reign as Chair of the Federal Trade Commission (FTC). Khan is a (the?)... Read More
The AI jobs debate has been trapped between two lazy extremes. One camp insists a white-collar collapse is already underway. The other... Read More
After 30 years in private markets, including work at Morgan Stanley and Bear Stearns, and later managing funds and advising family offices,... Read More
Yes, capitalism can cause some problems. It's also the only thing that works. Read More
Would we actually be in a bear market right now if it weren’t for these so-called AI stocks? And before we even answer that, what... Read More
The US has never entered a recession with this little fiscal buffer. Read More
How to make sure these common financial ‘pain points’ don’t imperil your plan. Read More
How Trump and Xi could cement Beijing’s advantage for years to come. Read More
It’s counterintuitive until you experience it: more frequent reporting makes the data less significant. Read More
Turns out there is some predictability to markets. Read More
Why lumping factor funds with stock-pickers distorts the scorecard and misleads investors Read More
The inflation data doesn’t look good, no matter how you slice it. Read More
Default rates are falling, distressed exchanges are declining and the number of liability management exercises are declining, see charts... Read More
Labor markets are off the worry list. Read More

So you're about five years away from retiring. It makes a lot of sense to start assembling a list of things to do before your last day at your job. Doing so might make the difference between having a comfortable retirement and one full of stress.... Read More
After 30 years in private markets, including work at Morgan Stanley and Bear Stearns, and later managing funds and advising family offices, I've come to a conclusion the venture capital industry doesn't broadcast: its model is structurally misaligned with the businesses it funds and the investors it represents. Built for an era of capital scarcity, hardware-cycle economics, and reliable public exi... Read More