The Federal Reserve should give Wall Street a shock on March 13, 2017Prudence and predictability are not exactly plentiful in President Trump’s Washington. But sometimes there can be too much of these virtues, and that is the danger confronting the Federal Reserve under Janet Yellen. When Yellen and her colleagues meet next week, Wall Street confidently expects them to nudge interest rates up by a quarter of […]
Snapchats founder is turning the rules of capitalism on their head on March 6, 2017While President Trump challenges the settled rules in Washington, a different disruption looms on the West Coast. Snap, the parent company of the social messaging app Snapchat, is preparing to sell about a fifth of itself to the public. Except that it’s not really selling itself. Evan Spiegel, the highly snappable founder of the company, […]
Sorry, Trump, but Americas economy is already pretty great on February 19, 2017President Trump asserts that the U.S. economy is a disaster and that he alone can fix it. The truth is that the U.S. economy is doing better than most Americans realize, and activist attempts to fix what ain’t broke are one of the gravest threats to it. What’s at stake is not simply that the […]
The economic shock of a ‘Brexit’ on June 19, 2016 For the first time since the start of Britain’s referendum fight over Europe, the polls predict “Brexit.” The four most recent national surveys put the “Leave” side ahead with margins of between one and 10 percentage points. Most people, including many disaffected Britons who want to shake up the system by backing a Brexit, […]