Money, Wealth & Power—A Daily Look at the Financial World
The world’s richest technologist is not just talking about rockets and electric cars anymore. Elon Musk is sketching out a radically different U.S. economy, one where artificial intelligence, humanoid robots and aggressive government streamlining collide with a historic debt crunch. His latest hints point to a future of double digit growth, “universal high income” and…
The recession that so many analysts warned about has not arrived. Instead, the United States has delivered one of its strongest bursts of growth in years, with output, markets and household spending all defying the gloomier forecasts. The surprise is not that the economy is growing, but that it is doing so at a pace…
Kevin Hassett is turning up the pressure on the Federal Reserve, arguing that policymakers are moving too slowly to unwind the high interest rates that defined the last inflation fight. His warning that the Fed is “behind the curve” on cuts lands at a moment when growth is strong, markets are jittery and the White…
Long before Donald Trump entered the White House, Warren Buffett had already zeroed in on what he saw as Trump’s most dangerous business habit: an addiction to leverage that turned every downturn into a potential wipeout. Buffett framed it not as a partisan jab but as a case study in how even a talented dealmaker…
Baby boomers now control a larger slice of American household assets than any generation in modern history, and the scale of that dominance is staggering. Their grip on stocks, homes, and retirement accounts is reshaping everything from housing affordability to the prospects of younger workers trying to build a financial foothold. The numbers show a…
America’s economy is delivering record fortunes at the top while leaving everyone else to fight over shrinking scraps. The result is a system that looks prosperous on paper yet feels punishing in daily life, with soaring asset values for the wealthy and rising bills for workers whose paychecks no longer keep up. I see a…
The frenzy around artificial intelligence has turned a handful of tech stocks into market darlings, but one of Wall Street’s most famous skeptics is warning that the story is starting to rhyme with past manias. Danny Moses, the “Big Short” trader who made his name spotting excess in subprime mortgages, now argues that the AI…
When large sums of “free money” hit a poor community, the first effects are visible in crowded markets, paid-off debts, and new tin roofs. Less visible, but just as important, are the shifts in prices, power, and long term expectations that follow. The real story is not a simple tale of handouts gone wrong or…
The global economy is slowing, prices are still high, and public budgets are strained, yet the people and countries with the most wealth are quietly pulling back from the very systems that made them rich. Instead of sharing risks and rewards through open trade, global investment, and robust tax bases, the affluent are insulating themselves…
Crypto markets are still volatile, but the way investors are allocating capital is starting to change the risk profile of the entire asset class. Instead of concentrating in a single token, more money is flowing into a broader mix of coins, funds and structured products, which is helping to smooth out the sharpest swings. I…