(Bloomberg Opinion) – Stocks have fallen to near-bear market territory. Bonds have suffered big price declines. Foreign currencies have nosedived against the US dollar. Cryptocurrencies, SPACs and other speculations have collapsed. But commodities have been on a tear. The Bloomberg Commodity Spot Index has surged 33% this year, with energy, metals and agriculture prices all … Read more
Most of the recent discussion of student debt has focused on the prospect of forgiving that debt — telling borrowers that they do not have to repay the funds the federal government provided to help them pay for college or graduate school. The fierce debates about the pros and cons of such a policy rarely … Read more
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Much has been made about an imminent, full-blown recession, triggered by the unwinding of record stimulus by the Federal Reserve and resulting steep correction in stock and bond prices. While the clearing out of speculative froth from the markets may be wrenching, there is little evidence in the investment and consumption fundamentals of the business-cycle … Read more
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Virtualization-software maker VMware Inc. agreed to be acquired by Broadcom Inc. on Thursday in an roughly $61 billion deal that will triple the chip maker’s software business, and has an usual provision that lets VMware look for another buyer. The unusual go-shop provision of the deal raises the question of whether any software makers that … Read more
Vladimir Lenin supposedly once said, “The way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation.” There’s some doubt as to whether this line is genuine; regardless, it seems like a pretty good description of what the Biden administration is doing to America’s middle class. Inflation is running rampant. The … Read more
Text size “The only thing we have to learn from empirically is history,” Larry Summers, former U.S. Treasury secretary, said recently in explaining his contrarian views on inflation. Kiyoshi Ota/Bloomberg About the author: Graham Allison is the Douglas Dillon professor of government at Harvard University. Is the U.S. economy headed for a hard landing? Federal Reserve … Read more
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