Regulators have been cracking down on consolidation just as dealmaking dries up and investors head for the exits. Can the lords of finance find a way out?
financial industry
Posted inMoney, Politics, and Power
The Markets as Master
Trump and Musk could evade public opinion and popular outrage for a while, but the markets have brought them to heel.
Posted inEconomic Policy
How the Euro Can Replace the Dollar
Europe has a potential golden opportunity to claim the global reserve currency and get a free military rearmament to boot.
Posted inVideos
The Prospect Weekly Roundup: The Oncoming Trump Slump
On our live show, Ryan Cooper and Samantha Hancox-Li discuss how Donald Trump’s madcap crusade is causing chaos in global markets, and why so many liberal institutions are capitulating to him.
Posted inTAP
Sorry, but It’s Not Over
Today on TAP: Trump blinks for now, but he remains a bundle of contradictory impulses and grievances. So the wholly invented economic crisis will continue.
Posted inEconomic Policy
The Great Trump Crash?
Emergency warnings are lighting up all over financial markets, solely because of Donald Trump.
Posted inTAP
Trump Undone (Well, Partially Put on Hold)
Today on TAP: The president is compelled to delay his tariffs. The Republican Congress failed to do it, so the markets did.
Posted inEconomic Policy
The Economic Consequences of the Tariff War
The economy was already stalling out before Liberation Day. A trade war on the entire world will only make everything worse.
Posted inMoney, Politics, and Power
Bloodlust and Boozing During Trump’s Wall Street Beatdown
A day in Manhattan as markets whipsaw amid the Trump tariff debacle
Posted inEconomic Policy
We Never Had Free Trade
The U.S. trading system since the 1970s has screwed American workers. But the main culprits are the American capitalists who devised the system, not foreigners.