Abundant reserves, alternative supplies and the AI boom helped mitigate […]
A surprise from the monthslong closure of the Strait of Hormuz is that the global economy didn’t suffer a more severe shock. Here’s why.
U.S. Retailers’ Sales Growth Accelerated Last Month
Sales growth rose more than expected for U.S. retailers in […]
Fiscal Dominance and the Politicization of Money
Fiscal Dominance and the Politicization of Money Much of the […]
Central Banks Are Rethinking Where They Store Their Gold
Fewer central banks now store bullion in London and New […]
The Case for Sunshine (with Rowan Jacobsen)
Skin cancer comes from the sun. But so do many […]
A Nation’s Soccer Hero: The Superfan Who Says He Can Stop Goals
A Congolese man’s motionless presence is seen as so critical […]
Work from home is hardly over. In fact, it’s probably here to stay.
Big companies keep trumpeting return-to-office mandates, but the amount of […]
Consumer Sentiment Improves Slightly in June but Remains Sluggish
The Michigan consumer-sentiment index bounced off its all-time low set […]
Churchill, Keynes, and the General Strike at 100
When Winston Churchill was named Chancellor in November 1924, he […]
When Trump meets his counterparts at next week’s G-7 summit, one of his favorite topics will be on the agenda: the massive U.S. trade deficit. The French hosts want to talk about global imbalances.
Deficits and surpluses will be on the agenda at next […]
Global Economy Could Slow to Half Its 2025 Pace if War Continues, Warns World Bank
Output could grow by just 1.3% under a scenario in […]
India Says U.S. Strike on Tanker in Iran Blockade Killed Three Nationals
The deaths are the first known to have occurred from […]
Canada Goods-Trade Surplus Widens to Biggest Level in More Than a Year
Canada’s goods-trade surplus widened to a 15-month high as shipments […]
U.S. Trade Deficit Nearly Flat in April
America’s trade deficit was close to unchanged in April, adding […]
Market Failure and the Market Process
Market failure, which I am defining here as a market […]