Democracy is the only way we’ll truly fix the country’s crumbling infrastructure.
U.S. and Chinese mayors are discussing climate action this week. There's one best practice in particular that all others
There have been numerous high-profile allegations of misconduct regarding the structuring, sales and trading of some of Puerto Rico's bonds. The SEC is supposed to be in the investor and issuer protection business. It's time for them to get to work.
Getting away from D.C. every so often helps with perspective. Life inside the Beltway can cloud one's views and lead to an
So, if you combine the negative effects above, you can see just how dangerous a deflationary cycle can be. Deferred spending
CNN.com recently published an article (Store closings are the hottest trend in retail) about the rash of retail store closings
With the S&P 500 now down about 10% from its all-time high in May 2015, a certain level of fear has returned to the markets
The graph below shows the month-on-month growth rates in two commonly used gauges of consumer spending - Personal Consumption
If the full extent of the budgetary problems are not well understood, how can we be in a position to address the problems?
Economic data and financial-asset prices don't always paint the same picture about the health of the economy.
The economic crisis in the island is suffocating the people. Water and electricity bills have skyrocketed. Public services are far, way far, from good.
All things considered, the major equity markets of the world have been fairly orderly for the past year and a half. That is, all except the Chinese market.
As the recent global financial crisis taught us, privatizing gains while socializing losses is a dangerous economic policy and financial contagion cannot be easily quantified or reversed.
Those U.S. citizens live in the territory of Puerto Rico. Thousands of them are fleeing each month to the U.S. mainland in
It is still early days for the American newfound interest in health and wellness, but as organics only make up 5 percent of total food sales I think the industry has a long runway of growth ahead.
New York City has more outstanding debt than ever before, and Mayor Bill de Blasio has proposed a 10-year capital plan that will increase it substantially. Now is the time to consider how much debt is appropriate.
I've stated repeatedly that a massive amount of stimulus has been required to generate GDP growth of just 2.0%-2.5% annually since the end of the Great Recession (June 2009). We have further said that the removal or reversal of some of these stimulants will be a tough hurdle for the economy to overcome.
The dollar began its ascent against other major world currencies in mid-2014. The move higher was fast and furious, but the greenback ran into some resistance beginning in the middle of March.
The incessant parsing and analysis of each and every Fed utterance is becoming quite comical. God love Steve Liesman and Mark Zandi, but are they really adding much value by trying to read between the lines of each statement from each Fed member?