Financial Markets
-
•
Credit Markets on Edge as Tariff Pressure Builds
Tariffs rocked corporate earnings expectations, raising credit default risks. Even safe havens provide little relief from the chaos to come.
-
•
America’s Trade ‘Deficit’ Is a Ringing Endorsement
Foreign holdings of US dollars would better be called an “investment surplus.” Our top exports aren’t goods — they’re stability and opportunity.
-
•
The Tariff Crash of 2025: The Price of Economic Amnesia
Tariffs imposed by President Trump have raised the US average effective tariff rate to 22 percent — the highest since 1909.
-
•
Business Conditions Monthly January 2025
A divergence between leading and lagging indicators reveals short-term uncertainty, though the broader economy shows resilience for now.
-
•
I Attended Apple’s Annual Meeting. It Was a Turning Point Against ESG and DEI
The pro-fiduciary measures on Apple’s corporate agenda reveal a sea change in influence. Shareholders want businesses to focus on business, not politics.
-
•
Inside the Mar-A-Lago Accord
If foreign investors are treated as adversaries, and retreat due to devaluation or punitive policies, the resulting selloff could destabilize American markets.
-
•
The Committee to Destroy the World (Economy)
Andy Puzder’s new book suggests ESG is only the most recent episode in the struggle between a collectivist cabal chasing power, and everyone else who wants to live a peaceful and prosperous life.
-
•
Rethinking Trade Deficits: Foreign Dollar Holdings Are Really US Exports
Rising US trade deficits represent foreigners’ eagerness to invest in America, contributing to our productivity and prosperity.
-
•
Golden Hiccups in our Modern Financial System
A gap between the price of gold in London and the price in New York led to arbitrage, even launching some bullion-bearing ships.
-
•
Do ESG and DEI Follow a Product Life Cycle?
The S-shaped curve from B-school texts reminds us that the growth and influence of ideas are not static.
-
•
Credit Markets on Edge as Tariff Pressure Builds
Tariffs rocked corporate earnings expectations, raising credit default risks. Even safe havens provide little relief from the chaos to come.
-
•
America’s Trade ‘Deficit’ Is a Ringing Endorsement
Foreign holdings of US dollars would better be called an “investment surplus.” Our top exports aren’t goods — they’re stability and opportunity.
-
•
The Tariff Crash of 2025: The Price of Economic Amnesia
Tariffs imposed by President Trump have raised the US average effective tariff rate to 22 percent — the highest since 1909.
-
•
Business Conditions Monthly January 2025
A divergence between leading and lagging indicators reveals short-term uncertainty, though the broader economy shows resilience for now.
-
•
I Attended Apple’s Annual Meeting. It Was a Turning Point Against ESG and DEI
The pro-fiduciary measures on Apple’s corporate agenda reveal a sea change in influence. Shareholders want businesses to focus on business, not politics.
-
•
Inside the Mar-A-Lago Accord
If foreign investors are treated as adversaries, and retreat due to devaluation or punitive policies, the resulting selloff could destabilize American markets.
-
•
The Committee to Destroy the World (Economy)
Andy Puzder’s new book suggests ESG is only the most recent episode in the struggle between a collectivist cabal chasing power, and everyone else who wants to live a peaceful and prosperous life.
-
•
Rethinking Trade Deficits: Foreign Dollar Holdings Are Really US Exports
Rising US trade deficits represent foreigners’ eagerness to invest in America, contributing to our productivity and prosperity.
-
•
Golden Hiccups in our Modern Financial System
A gap between the price of gold in London and the price in New York led to arbitrage, even launching some bullion-bearing ships.
-
•
Do ESG and DEI Follow a Product Life Cycle?
The S-shaped curve from B-school texts reminds us that the growth and influence of ideas are not static.