Randolph Bourne said war is the health of the state. Fine. Then let’s say the other part out loud: war is a disease in the economy. | Economy Iran and the Economy: The Danger Isn’t the Shock. It’s the...
The market is doing the only honest thing it can do in the fog of war: trying to price the duration of the conflict. | Economy The Market Tries to Price the War’s Duration On Tuesday morning, the mark...
Financial markets on Monday indicated that any damage to the U.S. economy from the military conflict between the U.S. and Iran is likely to be minimal. | Economy We Have Nothing to Fear Except Fed Fea...
This week President Trump reminded us that the state of our union is great again, the economists spilled nerd blood over the definition of a balance of payments problem, and AI came for the technology...
The Trump administration’s use of Section 122 of the Trade Act of 1974 to impose temporary tariffs has drawn sharp criticism from a gaggle of anti-Trump economists and self-styled trade experts. | Eco...
Manufacturing is not in retreat. It’s booming. Industrial output hit an all-time high in November and then broke that record in December. | Economy The Manufacturing Boom the Wall Street Journal...
The acceleration of America’s economic growth under President Trump is driving up hiring without the need for the arrival of hundreds of thousands of workers crossing our borders in defiance of ...
A Silver Lining in a Soot-Soaked Retail Sales Report Analysts had visions of sugar plums dancing in their heads for December retail sales. Instead, they | Economy A Silver Lining in a Soot-Soaked Reta...
In the Fed’s modern history, the FOMC has always chosen the sitting Board chairman to be its chairman as well. Politics, however, has a habit of stress-testing assumptions. | Economy Can a Fed House D...
Productivity is surging in America, which will likely mean subdued inflation even while wages rise and rapid economic growth continues. | Economy Boom Goes the Productivity! Productivity is surging in...