Silicon Valley firms are facing the music, cutting several hundred thousand jobs after years of incredible growth. Economists are divided over whether the US economy is heading for recession and soaring unemployment. First a trickle,...
The capital markets are quiet today. Equity markets and bond yields have a slight upside bias, while the dollar is little changed. Despite reports that the lockdown in Chengdu is easing, Chinese equities underperformed in...
This is another moment in the Weirdest Economy Ever, driven by stimulus, forbearance, bailouts, record money printing, record government-deficit spending, exuberant financial markets, and record low costs of funding: For companies in the service sector,...
Last week I suggested that the key to ending the pandemic would be the willingness of younger people to be vaccinated. This week I want to go further and suggest that some priority should be given...
Trump has used tariffs as a stick to threaten the US’s trading partners into submission, as in his spat with Mexico. But if the US cuts immigration from its southern neighbors, who will do the...
The US central bank has raised interest rates once again — not to annoy the American president, but to prepare for an uncertain and bumpy economic future. After the US Federal Reserve raised its key...
