For the first time in decades, we are in the midst of a bona-fide inflation scare. Recent numbers came in at 6.2%, the highest since 1990. Much of the world is beset by high demand for goods that have created massive supply-chain bottlenecks, with not enough ships and capacity at ports leading to long delays and higher prices for almost everything.
Read moreIt's All About Spending, Stupid. The Dems Blew Their Moment by Obsessing Over Taxes
After months of false starts and internal divisions, it appears that President Biden and Congressional Democrats are on the verge of agreeing to a spending package to address climate change, childcare, housing, paid family leave and to lower drug costs.
Read moreJust How High Could the Dow Go?
U.S. stocks had been on fire. The technology and internet boom spurred a wave of day traders and investment mania that now seems quaint. But at the time, the Dow Jones industrial average index was hovering around 10,000. And even in those heady days, forecasting a near-quadrupling of the index appeared naïve at best and ridiculous at worst.
Read moreChina’s Didi Crackdown Isn’t All That Different From U.S. Moves Against Big Tech
The scrutiny intensified when Didi elected to list its shares in the U.S. In the eyes of the Chinese government, that raised the possibility that Didi would then share its precious domestic data with U.S. counterparties.
Read moreWhat America's Plutocrats Today Should Learn From Past Generations
Balancing the other-worldly success of a few in contrast with the challenges many still face is one of the thornier dilemmas of a post-COVID-19 world where those gaps have grown ever wider.
Read moreAmerica’s Flawed Search for Itself
What these headlines demonstrate is that, in today’s woke age, Americans have yet to find an equilibrium for evaluating who they are.
Read moreCapitalism Doesn’t Have to Be This Way
The capitalism that has become dominant in the years since the 1980s is not about enough; it’s about more, and no amount of more is ever enough.
Read moreThe Capitalist Culture That Built America
The firm that he founded would evolve into one of America’s most important investment banks, Brown Brothers Harriman, which is still in business today.
Read moreTrump Got China All Wrong. Now Biden Is Too.
Toughness in the face of China may be good domestic politics, but it is still bad policy if the goal is enhancing U.S. economic power and global security.
Read moreWhy You Should Be Wary of Claims That the Stock Market Is in a Bubble
Almost exactly a year ago at this time, I warned that markets were due for a sharp correction and that the emergence of COVID-19 was more than a valid reason.
Read moreAmerica's Cities Are in Crisis. They Should be Allowed to Raise Debt to Save Themselves
That kind of help from the federal government has been sorely lacking during the pandemic—and is utterly essential to any meaningful and sustainable economic recovery for the whole country.
Read moreHere’s What Happens to a Conspiracy-Driven Party
As tempting as it to take the rise of conspiracy theories as a singular mark of a partisan internet-fueled age, however, there’s nothing particularly modern or unique about what is happening now.
Read moreHow the GameStop Trading Surge Will Transform Wall Street
That has often been the case, but then came the GameStop phenomenon when a tsunami of that so-called dumb money flooded parts of the stock market, leaving Wall Street professionals not just scratching their heads but a few of them badly wounded.
Read moreWhat Can We Expect After the Pandemic?
Zachary Karabell reviews four books that focus on what we should expect after the pandemic: The Corona Crash, Life After Covid-19, Post-Corona, and The New Great Depression.
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