Playing with fragile commercial real estate is like playing with fire.
Economic Policy
Posted inEconomic Policy
Vought Restores CFPB Procedure That Sustains Mortgage Markets
The situation reveals that sometimes, even arsonists need the building they’re burning down to stay upright.
Posted inEconomic Policy
Trump, Man of Steel (and Aluminum)
The new 25 percent tariffs on steel and aluminum, directed mainly at China, are partially worthwhile, but were undercut by allowing Nippon Steel to buy into U.S. Steel.
Posted inEconomic Policy
Even Bankers Don’t Want to Delete the CFPB
Industry trade groups are alarmed that the Trump administration’s illegal order to halt work at the consumer protection agency will cause chaos in consumer markets.
Posted inEconomic Policy
Bessent Gives Musk a Present, Stalling CFPB Oversight of Big Tech
A hastily added second order from the Consumer Financial Protection Bureau’s acting director halts the agency from supervising non-bank firms like X.
Posted inEconomic Policy
Nothing Normal About This CFPB Takeover
All work at the agency has been shut down indefinitely.
Posted inEconomic Policy
‘Filled With Unmitigated Terror’
A Q&A with Nathan Tankus on what it means for Elon Musk’s forces to have commandeered some level of control of the U.S. payment system.
Posted inEconomic Policy
Canada Braces for Two-Step Trade War
Michigan and Ontario will be on the front lines of serious economic disruptions if and when the Trump tariffs finally materialize.
Posted inEconomic Policy
Chips on the Table
The Biden administration wanted to restore the domestic semiconductor industry. The results have disappointed.
Posted inEconomic Policy
AI Bubble, Meet Pin
Open-source software from China calls into question why we’re committing trillions to winning the AI race.
