Economy & Macro
Inflation, interest rates, GDP, and the forces that move every market at once.
Is AI a Bubble? A Framework for Thinking About It
Separating whether AI is a genuinely transformative technology from whether today's prices for it are sustainable is the real question — and history offers a useful, if imperfect, guide.
Economy & MacroAI Regulation and Financial Markets: What to Watch
Governments are moving to regulate AI on several fronts at once, and the resulting uncertainty is itself something markets have to price in, regardless of how the rules eventually settle.
Economy & MacroHow to Read Inflation Data Like an Investor
CPI, core CPI, and PCE describe the same economy and rarely agree. Knowing what each measures — and why markets trade the surprise — changes how you read a release.
Economy & MacroWhat Actually Happens to Your Portfolio When Interest Rates Fall
A falling policy rate does not push every asset in the same direction, or at the same speed. Here is how the effect actually travels through a portfolio.
Economy & MacroHow Tariffs and Trade Policy Affect Markets
Who really pays a tariff is one of the genuinely contested questions in economics, and the answer shapes consumer prices, corporate margins, and how markets price uncertainty.
Economy & MacroGovernment Debt, Deficits, and the Bond Market
The deficit is what a government borrows this year; the debt is everything it still owes. The bond market prices both, and the difference matters more than headlines suggest.
Economy & MacroRecession 101: Signs, Causes, and What Happens to Markets
Recessions are a normal, recurring part of economic cycles — not a rare catastrophe. Here's how they're identified and what tends to happen to markets.
Economy & MacroWhat Is GDP, and Why Does It Matter to Investors?
GDP is the single number economists reach for first to describe how an economy is doing. Here's what it actually measures, and what it misses.
Economy & MacroUnderstanding Interest Rates and the Federal Reserve
One institution's decisions ripple through mortgage rates, savings yields, and stock valuations alike. Here's what the Federal Reserve actually controls.
Economy & MacroWhat Is Inflation and How Does It Affect Your Investments?
Inflation quietly changes what your money is worth even when the number in your account stays the same. Here's how it's measured and why it matters to investors.