Commentary The extraordinary gains on Wall Street from Oct. 28 were stunning, but it’s the details that matter. What didn’t participate in the sudden exuberance were the tech stocks that have performed so well over the past three years and even dating back to 2009. The enthusiasm was all about value stocks, those old-fashioned companies…
Has the Big Tech Bubble Burst?
October 31, 2022
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How Good Is the GDP News?
October 27, 2022
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AnalysisBusiness & MarketsBusiness ColumnistsGDPgovernment spendinginflationOpinionrecessionU.S. economy
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Commentary We would all welcome good economic news. Even better, we would welcome a healthy economy. We have now a headline number that seems fine—an inflation-adjusted increase in Gross Domestic Product annualized at 2.6 percent. But right now, we are nowhere near finding our way back to economic health. The worrying signs are everywhere. The…
Consumer Confidence Resumes Downward Slide as US Inflation Fears Mount
U.S. consumer confidence started to decline again in October, after witnessing two continuous months of strong growth. High inflation rates, caused by years of low borrowing rates and persistent supply shortages, are beginning to take a toll on American consumers, as the economy is in the midst of a recession. The Conference Board’s Consumer Confidence…
Biden’s Destroying the Economy. Is It Intentional?
Commentary Everywhere I go, people are mystified about President Joe Biden’s economic agenda. So few of the policies comport with basic common sense that I’m asked the same question over and over: Is Biden intentionally trying to take a wrecking ball to the economy? Is this all part of some diabolical plan, the “great reset,”…
Congressional Gridlock After Midterms May ‘Not Be All That Bad for Markets,’ Says Economist
A wave of Republican victories in the coming midterm elections will lead to a divided Congress, likely stalling President Joe Biden’s soft infrastructure—healthcare and childcare—agenda, according to an American economist. “The House is very much tilting red and the Senate races have certainly narrowed in recent weeks. So, it will be very much gridlock in…
The Economic Disaster of the Pandemic Response
October 21, 2022
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COVIDfinancial crisisgovernment spendinginflationlabor participationlockdownsmandatesOpinionPandemic ResponsePublic HealthrecessionU.S. economyViewpoints
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Commentary On April 15, 2020, a full month after the President’s fateful news conference that greenlighted lockdowns to be enacted by the states for “15 Days to Flatten the Curve,” Donald Trump had a revealing White House conversation with Anthony Fauci, the head of the National Institute for Allergy and Infectious Disease who had already…
The Risks of a Global Financial Crisis
Commentary Almost three years ago, the masters of global finance and public health thought they had everything under control. They believed that they were carefully calibrating the machinery of power, pushing and pulling all the right levers, twisting and turning knobs on their control panels, to both manage a pandemic with a shutdown while mitigating…
Inflation and Recession Are Becoming Entrenched
News Analysis What do you expect? According to Joseph Biden, as conveyed through the teleprompter, we are already in the clear: “‘No,’ Biden said when asked by CNN’s Jake Tapper if Americans should prepare for a recession. “‘It hadn’t happened yet,’ the president added later. ‘I don’t think there will be a recession. If it is, it’ll…
The Inflation Machine Rages Against You
Commentary Reading the daily economic news is like listening to the video narration of a slow-motion pile-up car wreck on the world’s busiest highway. We know exactly what is taking place car by car and we know the damage is great and intensifying in each frame. We are not shocked by any of it but…
Paul Tudor Jones Correctly Predicted The 1987 Stock Market Crash: Here’s What The Billionaire Hedge Fund Manager Says Is Coming Next
Billionaire hedge fund manager Paul Tudor Jones sees continued weakness ahead as the U.S. economy heads for recession. What Happened Jones, founder and chief investment officer of Tudor Investment, warned the U.S. economy is headed for a recession if it’s not already in the midst of one Monday on CNBC’s “Squawk Box.” “The Federal Reserve…
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