Why Stocks Keep Going Up
The boom is not as untethered from reality as it may look.
Economy
/media/img/mt/2026/05/2026_04_29_tax3_mpg/original.gif)
The One Tax the Rich Can’t Escape
New York’s proposed pied-à-terre tax is unlikely to chase anyone away.
/media/img/mt/2026/04/2026_4_20_AI_Bubble/original.gif)
So, About That AI Bubble
Thanks to the rise of Claude Code and other AI agents, revenues are finally catching up to the hype.
A Pillar of the Economics Establishment Admits That It Was Wrong
In a new report, the World Bank thinks better of its old free-market absolutism.
Young People Are Falling Behind, but Not Because of AI
The case that AI is already stealing young people’s jobs is based on a statistical mirage.
Iran Might Use Its Economic-Doomsday Option
Can Donald Trump keep attacks on energy infrastructure from escalating?
Will Small Businesses Get Their Money Back?
How to survive a trade war
‘We Would Be Entering a Completely Different World’
What happens if oil hits $200 a barrel?
The Real Reason California Can’t Build
In trying to accomplish every objective and accommodate every interest, all at once, the state set up its housing agenda to fail.
/media/img/mt/2026/03/2026_03_06_Karma_Economy_flashing_yellow_final/original.gif)
The Economy’s Warning Light Is Flashing Yellow
A soft labor market, persistent inflation, a potential oil crisis—what could go wrong?