Financiers may want to keep a closer eye on Trump

May 4, 2016

The bellicose real-estate mogul has all but sewed up the Republican presidential nomination. Markets are pricing in a Hillary Clinton victory, however, as Carlyle’s David Rubenstein told an elite Beverly Hills gathering. Trump doubters have learned how the odds can swing quickly.

Chancellor: Pensions are a bubble waiting to burst

April 15, 2016

Bubbles are essentially illusions of wealth. So look no further than the gap between what pensioners have been promised and the assumptions about returns on their inadequate savings for a glimpse into the next source of financial fragility.

Mets and America pull off a slick double play

October 22, 2015

As the country staggered under dud mortgages, the baseball team fell victim to Bernie Madoff. Infusions of money helped right Uncle Sam, but the Amazins took a far more frugal path. A World Series for the New York club puts an exclamation point on the financial crisis’ end.

Positive U.S. momentum could grow in 2015

December 23, 2014

Jitters like recessions abroad seem unlikely to derail America’s economic recovery as late-year growth, jobs and incomes came in unusually strong. Lower gas prices and the possibility that housing ticks up make even inevitable interest rate hikes look easy to shake off.

U.S. leaders could learn from European austerity

September 6, 2012

America is coming late to fiscal reform, following allies across the Atlantic. Noting the continent’s flubs and fixes would help either Barack Obama or Mitt Romney tackle a debt load that just surpassed $16 trln. Waiting too long may give investors time to make a new choice.

U.S. political jamborees alienate Mr. Market

September 10, 2012

The stark contrasts in tone at the Charlotte and Tampa conventions mirror the different options facing Americans. Republicans and Mitt Romney served up fiscal spinach while Democrats and Barack Obama dangled pro-worker red meat. Neither choice is likely to thrill investors.

Americans can’t feel better than companies forever

September 27, 2012

U.S. consumers are cheerier about life. But the corporate world is gloomier. If consumption jumps, it could soothe the business world’s blues. But the weak global economy and dysfunction in Washington are stunting hiring and could drag people down along with executives.

U.S. job creation steady for now, but slow

December 3, 2010

The November unemployment report showed that U.S. job creation is steady for now, but too slow to lower the unemployment rate.