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Most Recent Commentary

A “Fed-Treasury Accord” Could Work

Warsh and Bessent should be comfortable with such a banking maneuver from their days on Wall Street.

Most Recent Media Appearance

Almost Nobody Got Laid Off Last Week

Trend Macrolytics writes in a note to clients:

Stunning. The lowest new claims number since 1969, when the labor force was only half as big as it is now… And one more thing — in our earnings season surprise-factor update, we are thrilled to tell you that with 106 of 500 companies reported, this is by multiples the best earnings season in history, despite the rampant upgrade surge we’ve experienced over the prior quarter.

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Google Ordered to Defend Robby Starbuck’s AI Defamation Suit