As stocks endure their worst correction since 2011, and the battle between Fed doves and hawks rages on over a quarter-of-a-percentage-point rate liftoff, the much-anticipated August employment numbers made for a surprisingly mediocre report.
Nonfarm payrolls came in below consensus at 173,000. But private payrolls increased only 140,000, the...Read more
This column was co-written by Stephen Moore.
Here's a historical fact that Donald Trump, and many voters attracted to him, may not know: The last American president who was a trade protectionist was Republican Herbert Hoover. Obviously that economic strategy didn't turn out so well -- either for the nation or the GOP.
Does Trump aspire to be a...Read more
Just-published minutes from the Federal Reserve's July 28-29 meeting indicate that most officials saw conditions for a rate liftoff as "not yet" achieved. They may be approaching a rate-hike moment, but they're not there yet. Good call.
That's right: Good call.
As I noted in my most recent column, important forward-looking, inflation-...Read more
Pretty much everyone in the world wants the Federal Reserve to begin its "rate liftoff." September is the latest target date for this market consensus. But permit me one dissenting question: Are you sure?
Or as the saying goes: Be careful what you wish for.
Take a look at a bunch of forward-looking, inflation-sensitive market indicators. ...Read more
With a record 24 million people watching the GOP debate, you'd think there would have been a lot more time spent on the most important issue of the day: the economy. Look at any poll. Jobs and the economy are always at the top of the list. But there was barely a mention of this on Thursday night.
The Republican Party is not going to win this ...Read more
The weakest areas in the weakest recovery since World War II are investment in new plants and equipment and investment in new business startups. These are the biggest job-creators, and their slump is a key reason for the subpar labor recovery, with low participation rates and an increase in involuntarily part-time workers.
So if investment is ...Read more
Jeb Bush is right and Hillary Clinton is wrong. You can probably say that about a lot of things. But in this case it's about the need for more part-time American workers to work full-time in order to improve their own lots as well as the lot of the economy.
The mini spat started when Jeb Bush short-handed the point that "people should work ...Read more
It's summertime and that means millions of Americans will soon be cramming in the minivan for family vacation. But Congress may soon be raising the cost of those trips by increasing the federal gas tax.
Why? The highway trust fund that finances our national highway system is running out of money. The 18.4 cents a gallon federal gas tax will ...Read more
The Knights of Juzhani: The Emerald of the Black CaveBrandon Young
Jimmy is an ordinary kid who is a senior in high school. Except for being a black belt, he is an average kid in every respect, with the same hopes and angst. Little does he know that his life is about to change, starting with his discovery of a strange emerald during his class’s field trip ...
The judicial decision to uphold all of the president's health care subsidies may be very disappointing, but the economics of Obamacare are far worse than whatever constitutional mistakes have been committed by the Supreme Court.
The economics of Obamacare are very bad. The law is inflicting broad damage on job creation and new ...Read more
"There is not a reason in the world why we cannot grow at a rate of 4 percent a year." That's what Jeb Bush said when he officially announced his presidential run in Miami last week. And right off the bat, most economists trashed the idea.
"It can't happen and it's never happened." "Productivity is too low." "The labor force is growing too ...Read more
Just as the great William F. Buckley Jr. laid the intellectual foundation for the rise of modern conservatism, philanthropist R. Randolph Richardson set down the financial foundation of the new conservative movement. But Randy Richardson, who died May 25 at the age of 89, is not a household name. He was a low-key guy who stayed out of the ...Read more