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Jonathan LevinBloomberg |
Treasury Secretary nominee Scott Bessent had a comfortable existence as a low-profile hedge fund manager, but he decided to enter public life to help...
Americans are growing concerned about sticky inflation, and President-elect Donald Trump needs to make sure that he doesn’t fan those anxieties with...
The US earnings season may very well prove decent, but that’s no guarantee that stocks will bounce back from their recent slump. The election of...
The Federal Reserve is probably heading into wait-and-see mode. Friday’s excellent labor market report showed that the unemployment rate fell to...
Most people assume that the S&P 500 Index will go up over long holding periods. Wharton School Professor Jeremy Siegel popularized the proposition in...
It’s that time of year when Wall Street soothsayers look ahead 12 months and try to divine the path of US stocks. Last year at this time, no one...
This is part of a series of Bloomberg Opinion columns exploring the risks related to the US’s rapidly expanding debt and budget deficit. Other...
In normal times, the conduct of monetary policy is a lot like driving a car through a thick fog of uncertainty. You have a general idea of where...
Inflation optimists were riding high at the start of 2024. Price pressures seemed to be cooling quickly, and market pricing suggested that the...
This is Bloomberg Opinion Today, a strategic reserve of Bloomberg Opinion’s opinions. Sign up here . The US has reserves of petroleum and precious...
The world’s most consequential market, US Treasuries, heaved a sigh of relief when Donald Trump picked Scott Bessent as his next Treasury...
Growth prospects for the group of companies dubbed the Magnificent 7 are still above average, but they’re no longer magnificent. Consensus Wall...
Donald Trump’s allies tell us that tariffs are principally a negotiating tool rather than a tax on consumers: if you threaten America’s trade...
Donald Trump’s victory in last week’s presidential election has fueled knee-jerk rallies in US stocks and other risk assets. Once the sugar rush is...
No matter how much they torture their models, sell-side stock analysts just can’t come up with a justification for Palantir Technologies Inc. stock...
Many Americans are frustrated with high consumer prices and elevated mortgage rates, discontent that could help Donald Trump win back the White...
We’ve had several weeks of strong data since the Federal Reserve cut policy rates by a half percentage point. It started with a surprisingly robust...
As a general matter, workers hate asking for a raise. It’s time-consuming, awkward and even risky. Should you shop around for an outside offer to...
It may soon be time to shed our paranoia about the US labor market and concede that the economy is looking fabulous. By one estimate, gross...
Anyone who experienced Miami in 1980 has to be sympathetic to the residents of Springfield, Ohio, the Rust Belt city that local authorities and...
The relentless surge in Miami-area housing prices has earned the city the top spot in this year’s UBS Global Real Estate Bubble Index, a ranking of...
The restaurant business has been through a volatile stretch. Restaurateurs battled through the early days of the Covid-19 pandemic (when no one was...
The Federal Reserve on Wednesday began its policy easing with a bang. Much of the focus was on its decision to cut interest rates by half a...
There are few things I've been certain about in my life: Death, taxes, and the fact that the Fed will finally cut rates today. It’s all happening...
Consumer staples are one of the sleepiest sectors of the US stock market. Investors buy them for their low volatility and generous dividends, not...
Earlier this year, the Federal Reserve seemed to have time on its side. Payrolls were growing at a healthy clip and the unemployment rate hovered...
In some ways, central banking requires a trader’s instincts. Policymakers need to marry academic rigor with quick reflexes. There is a time for...
I’m Jonathan Levin, and this is Bloomberg Opinion Today, a pre-debate snack of Bloomberg Opinion’s opinions. Sign up here . It’s debate night in...
The US stock market has given us plenty of real and perceived calendar anomalies to think about. There’s the observed tendency for stocks to...
I’m Jonathan Levin, and this is Bloomberg Opinion Today, a collection of writing from columnists you’d love to have a beer with. Sign up here ....
Since the pandemic, Wall Street strategists have repeatedly underestimated the performance of the US stock market in their annual projections,...
Federal Reserve Chair Jerome Powell on Friday removed all doubt that interest rate cuts are just around the corner. “The time has come for policy...
Vice President Kamala Harris has some serious manufacturing credentials, and she shouldn’t be afraid to brag about them in her campaign against...
There was a lot of commotion Wednesday about an obscure — at least to non-economists — labor data revision that, on the face of it, showed 818,000...
The term “recession” made a big comeback in news stories and social media posts this month. Goldman Sachs Group Inc.’s Chief Economist Jan...
If rising layoffs and weakening consumption are going to snowball into a US recession at some point, my interpretation is that the mass of...
Regulators and investors have always had a keen interest in the trades that corporates executives and board members make in their companies’ own...
Donald Trump appears to be totally serious about his plan to give presidents a say in monetary policy, a proposal that would undermine decades of...
I’m Jonathan Levin, and this is Bloomberg Opinion Today, a volatility-packed compilation of Bloomberg Opinion’s opinions that may or may not leave...
Warren Buffett has been selling a lot of stock, and that revelation is inducing his many admirers to follow suit. His Omaha, Nebraska-based...
In markets and economics, you sometimes have to hold two thoughts in your head simultaneously — an important lesson on a day in which the US...
Economists Stephen Miran and Nouriel Roubini are making waves by suggesting in a paper published last week that the Treasury Department has...
The mortgage lock-in effect ended in the Levin household shortly before my in-laws arrived from Mexico to celebrate my daughter’s birthday at our...
For the better part of 2024, market commentators have bemoaned the fact that a few mega-capitalization stocks, dubbed the Magnificent Seven,...
Back in 2021, legions of critics lambasted the Federal Reserve for failing to take proactive and forward-looking steps against the emerging...