Capital Economics’ John Higgins noted the price-earnings ratio has already collapsed from its peak—but there’s another metric ...
Financial markets are quietly inflating a vast bubble in existing assets, lifting the paper wealth of those who already own a lot while leaving wages and real investment behind. Instead of funding new ...
The current AI-driven market is not yet a bubble, but fragility and systemic risks are rising, especially in regional US banks and credit markets. Technical analysis signals caution, with head and ...
Mr. Bernstein was the chair of President Joe Biden’s Council of Economic Advisers from 2023 to 2025. Mr. Cummings served the council as an economist from 2021 to 2023. See more of our coverage in your ...