Tim Scott files to run for president

Republican South Carolina Sen. Tim Scott filed paperwork with the Federal Election Commission Friday to run for president in 2024. Scott has been weighing a presidential run for months, touring early primary states via his Faith in America Tour and launching an exploratory committee on April 12. The filing comes ahead of his widely expected


America’s Long Depression

Is America in a recession already, or does a definitive downturn still loom on the horizon? What difference does it make, given that for decades the US economy has grown much more slowly than it could have? Over 30 years, a $50,000 real per capita income at 1 percent compounded annually grows to about $67,000,


Stocks Drive Higher As FOMO Eclipses Tail-Risk Worries

Stocks Drive Higher As FOMO Eclipses Tail-Risk Worries Authored by Simon White, Bloomberg macro strategist, The relative cost of upside equity protection is outpacing tail-risk insurance as FOMO-driven trading pushes the market higher. Price is everything. Fashioning reasons why the equity market should be lower has been suspiciously easy this year: recession risk, bank turmoil,