Emergency warnings are lighting up all over financial markets, solely because of Donald Trump.
financial industry
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.
Posted inEconomic Policy
I Hope MAGA Investors Enjoy the Crisis They Caused
Right-wing financiers thought Trump would unleash prosperity. Instead, his tariffs are nuking the markets.
Posted inHousing
The Last Abundance Agenda
In the 1980s, Wall Street vowed to make housing more affordable through deregulation of housing finance. The result was the 2008 crisis.
Posted inAmerica and the World
Norway’s State Investment Fund Should Dump Tesla
Its vast sovereign wealth fund owns nearly 36 million Tesla shares. Better get out while the getting is good.
Posted inMoney, Politics, and Power
Move Fast and Break the Mortgage Market
The chief regulator for Fannie Mae and Freddie Mac is now also the board chair of both companies. What’s the long game here?
Posted inHealth and Social Policy
A Hospital Empire Is Closing Its Doors—but the Stock Is on a Tear
More than a dozen hospitals employing tens of thousands have either shut this year or are on the brink, while two shadowy figures prop up their owners’ stock.