The summer of 2026 has been dominated by the AI boom. Some fear that AI is advancing too quickly for thoughtful regulation. Others worry that end-user revenues will lag too far behind massive capital spending and fast-growing debt. From an economic perspective, AI is pure momentum, generating huge profit gains, adding to investment spending, boosting upper-i ... Show More
Jul 27
The People versus Inflation
No one liked the defendant. That much was clear. But when the jury retired to consider their verdict, they hardly knew where to start. The case was so confusing and the judge’s instructions hardly seemed adequate. “Perhaps”, suggested the foreman, “we should start with a list of ... Show More
15m 56s
Jul 20
A Top Down View of the Earnings Surge
The earnings season has started with a blast. As of Friday morning, 49 of the S&P500 companies had reported second-quarter earnings, with 85% beating expectations and the index on track for a blockbuster 23% year-over-year gain for the quarter. According to FactSet, analysts now ... Show More
15m 35s
Jul 13
The Fed Communications Debate: Bernanke Versus Warsh
Alan Greenspan, who served as Fed Chairman for almost 20 years, died last month at the age of 100. He was a talented and faithful public servant who guided U.S. monetary policy through the stock market crash of 1987, the boom years of the 1990s and the dot-com bubble. He was thou ... Show More
15m 30s
<p>– Unemployment falls, hard...</p> <p>– ... but inflation doesn't budge</p> <p>– Armaguard on the brink and the future of cash</p> <p>– What mergers and demergers can tell us (and what they can't)</p><p>See <a href="https://omnystudio.com/listener">omnystudio.com/listener</a> f ... Show More
