The Conglomerate Isn’t Dead Yet
It’s been a big week for bust-ups. General Electric announced it is breaking itself into […]
Dow 36,000*
Twenty-two years ago, James K. Glassman, a newspaper columnist, and Kevin Hassett, an economist, laid […]
Some Wisdom from Henry Kaufman
Sometimes, when you write history, you can end up feeling old. I had that feeling […]
My Housing Subsidy
It seems the new U.S. administration wants to make a major reduction in housing subsidies. […]
Economic Illusions
In my book An Extraordinary Time, I document the hubris of economists who thought they […]
Making It Hard to Save
Americans are famously unable to save money. The personal saving rate is a scant 5% […]
No Time for Nonsense
The first time I met John Makin, back around 1985, we had lunch in the […]
Keep It Simple(r)
In the last couple of weeks, banking regulators in the U.S. and Europe have tightened […]
What’s a stock exchange?
As the sixth edition of my book The Economist Guide to Financial Markets is published […]