The U.S. President discussed the war in Iran, press freedom, AI, and more ahead of the midterm elections. Read More
The artificial intelligence boom has pushed up the stock market, even as interest rates have pulled it down. Read More
The companies on this list have significant competitive advantages. Read More
Mounting evidence presages a change in China’s AI strategy. Read More
Oil prices are driving rates higher but indebtedness is a factor too. Read More
The dangers of the Trump administration’s bet that the US can outgrow its fiscal problems. Read More
Economic statistics don’t change anyone’s vote, but the realities behind the numbers do. Read More
Today, we hear the word “affordability” everywhere. But what exactly does that mean? Read More
In a late Friday news dump, the White House announced plans to rescind some unspent funding for several agencies without congressional... Read More
Tariffs and the war take a toll on farm finances Read More
CNBC and Yahoo Finance called the jobs report a miss. Fox said it was lower than expected. More bad analysis from a Keynesian financial press... Read More
Thoughts on the midterms. Read More
A lot of weird stuff is happening in the stock market right now. Read More
Without insider trading, the stock markets are blinded. Which means we need more insider trading. What's hard to fathom is why "insider... Read More
A friend of mine was once mayor of a small city, about forty thousand souls. A local landowner petitioned to develop single-family homes on a... Read More
This month, the Federal Reserve raised interest rates for the first time in three years, pointing to elevated inflation as the reason for... Read More
Even after surging 549% last year. Read More
Whether advanced AI poses an existential threat is a real debate even among the people building it, and it's a debate the public should... Read More
Edmund, the main antagonist in Shakespeare’s “King Lear,” observes at one point that he is branded with... Read More
Most people support the very policies that produced the wreckage of the 1970s. Read More
John Ternus, a mechanical engineer who joined Apple’s product design team in 2001 and spent the next quarter century sweating the... Read More
In a recent Wall Street Journal “Investing” column, Heather Gillers and Sam Goldfarb (GG) report a seeming paradox: Interest... Read More
After a plague ridden crusade left Venice deep in debt, the republic created the world's first bond market. Read More
There aren’t many good things that happen in a recession or a crisis, but Schumpeterian creative destruction is one of them. Read More
If AI gives us a lot more leisure time are we just going to sit on the couch? Read More
The numbers will amaze you - and the future amazes me. Read More
Startups are adamant that autonomous technology will solve the safety issues in the trucking industry, but many questions remain Read More
Only if the wheel stops spinning Read More
More countries are buying into a core piece of President Trump's argument about what is broken in global trade, even as his tariffs rattle... Read More
Commodities and cash were the only winners among the major asset classes in September. Read More
The AI wealth effect. Read More
By looking at the money that the Fed sends to the US Treasury each year, this explainer demonstrates how much these funds distort the... Read More
Inflation is still a problem no matter how you slice and dice the data. Read More
Wall Street equity analysts work in sector silos, and when you add up their forecasts, the numbers are internally inconsistent. Subscribe for... Read More
Investment bubbles are easy to spot but timing the top is incredibly difficult. Read More
Discounted raw materials from allies are not the same as imported finished goods from adversaries. Read More

Social Security’s rising costs restrain the growth of the federal government. Yes, you read that right. That’s why it would be a major blunder if deficit hawks and self-proclaimed limited government proponents get their wish to reform it. Don’t let them. To see why reform would be a big mistake, consider the meaning of the projected 2032 insolvency date for Social Security. This ... Read More
Without insider trading, the stock markets are blinded. Which means we need more insider trading. What's hard to fathom is why "insider trading" ever became a pejorative in the first place. Exactly because we want market prices to reflect reality, we should logically champion more trading by insiders. By their very description, they know best what's going on inside any corporation, what is p... Read More