Right-wing financiers thought Trump would unleash prosperity. Instead, his tariffs are nuking the markets.
financial industry
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.
Posted inMoney, Politics, and Power
Some Democrats Endorse Bill Allowing Elon Musk to Create His Own Currency
The GENIUS Act is the first pro-crypto bill Republicans want to rush through this Congress. Thanks to industry money, several Democrats are ignoring the bill’s major problems.
Posted inEconomic Policy
The Trump Depression
Donald Trump is on track to be the first president to deliberately engineer a severe depression.
Posted inEconomic Policy
The Plot to Destroy the CFPB
Declarations in a court case involving the union of the consumer protection agency detail a desire to whittle it down to ‘five men in a room.’
Posted inEconomic Policy
How DOGE Could Spark a Financial Crash
Playing with fragile commercial real estate is like playing with fire.
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.