The American economic expansion, heading into its tenth year, still has room to run. So say some of the best regarded pundits. The Federal Reserve Bank of Atlanta estimates that in the second quarter the economy has grown at an annual rate of 3.8 percent. Too gloomy a guess for forecasters at Macroeconomic Advisers. They […]
We have British intellectual-founder of think tanks, editor-David Goodhart, to thank for the distinction between “Anywheres” and “Somewheres,” the replacement for the more traditional left-right or class-based distinctions which were, until recently, used to describe democratic politics. Anywheres “have portable, ‘achieved’ identities, based on educational and career success which makes them generally comfortable and confident […]
Economy watchers can’t seem to find anything to worry about, with the possible exception of a trade war that few believe will happen. The economy is growing, unemployment is down, labor force participation is up, inflation is hitting Fed targets, the stock market shrugs at bad news and embraces the good. As Fed chairman Jay […]
Understanding the economics of MAGA. If you find yourself confused by our president’s economic policy this might help. The policy starts with a promise to Make America Great Again. Don’t underestimate the importance of “Again” in this. We were great in the day in which thousands of miners dug coal-many dying in the process-to send […]
The great American job-creating machine, already in high gear, picked up in May, when the economy added 223,000 jobs-over 50,000 more than experts had predicted. That news took second place to a 7:21 a.m. Trump tweet, “Looking forward to seeing the employment numbers at 8:30 this morning.” In fact, his economic adviser, Larry Kudlow, had […]
How much will the economy matter to voters in November? The congressional leaders of his Republican party want President Trump to stop his-and now is indeed his as much or more than theirs-incontinent tweeting, arguing that it unsettles independent voters. They want him to restrict his campaigning to scripted speeches extolling the virtues of his […]
2.7%, 3.9%, 3%, and 4.7%. Know what those numbers mean, and you can be your own economic forecaster. 2.7%% is the rate at which the International Monetary Fund is expecting the U.S. economy to grow this year. That is up from the 2.3% forecast the IMF came up with only a few months ago, a […]
Never say Never. That’s what some of the Never Trumpers are saying, and even more are thinking. Both in private. They are afflicted with a nagging suspicion. Trump might, how shall they whisper it, Make America Great Again. The tax bill has given the economy a bit of a tailwind, most Americans have more money […]
Because if a recession hits before 2020, the government will have no tools to fight it. We don’t hear much from Donald Trump about the stock market these days. Odd, that. There was a time when he took credit for its spectacular rise after his election. “The reason our stock market is so successful is […]
“Great insights into the complex Murdoch man and equally great lessons for risk taking and management. —BARRY DILLER, Chairman of IAC/InterActiveCorp and Expedia, Inc. “A fascinating recounting of the myriad complex transactions and organizational approach Rupert utilized in building a great entrepreneurial media empire. Relentless energy! -JOHN MALONE, Chairman of Liberty Media “Stelzer, who worked […]