Why did all the brainpower assembled at Aspen have no solutions to the United States' biggest problems?
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.
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.
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.
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.
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.
U.S. stock prices have exhibited a pattern of behavior as erratic as that of the U.S. commander in chief.
Why financial markets in 2019 may offer positive surprises, despite — and actually because of — the current wave of pessimism.
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.