Joe Weisenthal and Tracy Alloway analyze the weird patterns, the complex issues and the newest market crazes. Join the conversation every Monday and Thursday for interviews with the most interesting minds in finance, economics and markets.
It’s kind of weird to say this, but after more than a decade of Bitcoin’s existence, there’s finally some consensus about what it is.
Dan Ariely is one of the most famous behavioral economists in the world. And in his latest act, he's attempted to apply his research to investing.
One of the cool things about studying the economy is that no matter what’s happening, it’s extremely likely that something similar has happened before. Sure, every time some aspect is different, but by picking out a few types of things to look at – wages, balance sheets, debt levels, gross investment – you can get a little closer to comparing two different species of apple, rather than an apple and a pear.
We know that demand for housing is red hot, and yet yesterday’s housing starts number came in surprisingly weak. For the month of April we saw a decline of 9.5% from the previous month versus expectations of just a 2% decline.
The U.S. economic reopening has caused some “bumps” as companies scramble to fill open positions, but it’s a good thing if they are forced to raise wages, a senior White House aide said.
The Georgetown professor and former PIMCO economist says democracy will have failed if the strategy continues working for decades.