The Market Now

U.S. Economy






The net worth cul-de-sac: Buy a house and pay down the mortgage is the typical American's investing plan.

Photographer: Chris Rank/ Bloomberg

The net worth cul-de-sac: Buy a house and pay down the mortgage is the typical American's investing plan.

U.S. Wealth Hits a Record, Typical Savings Plan Is Still ‘Buy a House’

U.S. household net worth climbed by $3 trillion to surpass $80 trillion in the latest data. It’s a number so dumbfoundingly big it invites Americans to celebrate just what a rich country we are. It shouldn’t.

Read more »

Barack Obama at Buck's restaurant in Greenville, Mississippi as a candidate in 2008.

Photographer: Emmanuel Dunand/AFP via Getty Images

Barack Obama at Buck's restaurant in Greenville, Mississippi as a candidate in 2008.

Race, the Great Unmentionable

Even when unmentioned, race lurks in the background of almost every discussion of economic advancement. In the 20 most heavily African-American towns in the South it remains harder to rise out of poverty than in just about every U.S....

Read more »

T-Mobile President and CEO John Legere in Las Vegas.

Photograph by David Becker/Getty Images

T-Mobile President and CEO John Legere in Las Vegas.

Without the FCC, This Man Wouldn’t Be at the Telecom Party

Is there any big-company executive in the U.S. right now as compelling as T-Mobile's John Legere? Having taken every possible opportunity to tweak Brand X (Verizon Wireless) and Brand Y (AT&T) in public, Legere outdid himself by showing up at...

Read more »


A 100% accurate simulation of the consequences of playing chicken with the debt ceiling.

Photograph by Matthias Clamer/Getty Images

A 100% accurate simulation of the consequences of playing chicken with the debt ceiling.

First Rule to Avoid Default: Don’t Assume You Can Miss Oct. 17 and Avoid Default

What happens if we miss the Oct. 17 deadline? the disordered slashing of essential government functions would make the current shutdown look like a slow Sunday on the road to church.

Read more »