Captain confusion

We must be getting close to the end of one thing… and the start of something else. The thing whose end is nigh is the bubble on Wall Street. As a bubble inflates, the lightest, lowest-quality stocks f

“We’ll have a majority [on the Federal Reserve Board] very shortly… People are paying too high an interest rate… We have to get the rates down a little bit,” says Donald Trump. The US president isn’t

Issue of the week: the battle for the ...

IN NORMAL TIMES, THE FIRST Friday of the month brings a routine tranche of government data known as the monthly jobs report. The markets react, the politicians preen, and most Americans go about their

The “good news” now being heralded by the US media and the administration: the take from tariffs surged to $31bn in August, setting new monthly high for 2025. Secretary of the Treasury Scott Bessent s

There are concerns legal case against Lisa Cook is politically-motivated