Consumer sentiment is falling off a cliff in the early Trump period.
Economic Policy
Posted inEconomic Policy
How DOGE Could Spark a Financial Crash
Playing with fragile commercial real estate is like playing with fire.
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 inAmerica and the World
Elon Musk’s China Threat
The shadow president has deep ties to the Chinese dictatorship, and it shows. The risk to national security is unimaginable.
Posted inMoney, Politics, and Power
Vought Stops CFPB From Functioning With Illegal Order
The budget director and acting head of the CFPB also tried to defund the agency, but found it was already funded through the fiscal year.
Posted inTAP
Two Grifters Off to Seize the World*
Today on TAP: The Trump-Musk proposed sovereign wealth fund fits the pattern—dictatorship as an opportunity for personal enrichment.
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 inPolitics
Corrupted Capitalism and Dithering Democrats
America needs a true opposition party.