While Covid-19 has taken a terrible financial toll on millions, thousands have profited like never before!
Aspen: A Midsummer Night’s Dream?
Why did all the brainpower assembled at Aspen have no solutions to the United States' biggest problems?
How Financial Triumphalists Destabilize the US Economy
As long as the Wall Street triumphalists’ unreflected “why worry?” thinking remains the norm, the urgently needed pursuit of a U.S. economic reform agenda will go nowhere.
March 23, 2020: The Day the US Economy Did Not Crash
The day when Fed Chairman Jerome Powell rode in to rescue financial markets to prevent their complete freezing up could have entered our history books as another global mega-crash.
The Sad State of US and Global Economic Affairs
If — or is it already when — the current crisis ends with the United States of America fiscally and monetarily bankrupt, the idea of a full-blown depression becomes all too real.
Boomer-Dämmerung: 401(K) and Bust
The U.S. strategy of relying on rising stock markets to fund employee retirement has gone bust. Millennials will rejoice at the Twilight of the Boomers, a generation they dislike.
A US Stock Market Boom is Not the Basis of Shared Prosperity
The U.S. addiction to stock price inflation is rooted in an illusion. It is promoted by Donald Trump, Wall Street, the Fed and mainstream economists.
Wall Street and Trump: Two Erratic Forces, Acting in Sync
U.S. stock prices have exhibited a pattern of behavior as erratic as that of the U.S. commander in chief.
A World of Financial Gloom and Doom?
Why financial markets in 2019 may offer positive surprises, despite — and actually because of — the current wave of pessimism.
The Deteriorating US Economy
Economists cannot say with precision when the next U.S. recession will begin. But there is no reasonable doubt that the U.S. economy will weaken in 2019.