Bloomberg Opinion

It’s the economic question of our time: Why does the economy feel so bad, even though all the metrics suggest everything is fine? While the overall unemployment rate is still just 4.2%, the data masks a growing problem, a “he-cession.” For young men aged 20 to 24, it was 8.3% in July. Is this just a blip in the business cycle or a structural change that will haunt young men for the rest of their careers? Read my column for Bloomberg Opinion https://lnkd.in/dpW2e8wM

The job market is showing signs of a he-cession. Economist Allison Schrager talks about where we’re seeing the strain 🎥 Read the column: https://lnkd.in/gmiVQyTF

Not only did I get to write about Sonny and football this week, I also went up to the Tottenham Hotspur Football Club stadium to film a short video about his $26m move to Los Angeles Football Club (LAFC). Check it out below and on Bloomberg Opinion>>

Should you add #crypto to your #401k? Economist Allison Schrager says no 🎥

Take a look at the last twelve months in the life of the US dollar 💵 According to John Authers, the dollar’s movements over the past year have been entwined with defense. Sign up for his free daily newsletter: https://lnkd.in/eAFqcjE8

Which Stephen Miran will show up to the Fed’s monetary policy meeting in mid-September as a freshly appointed governor of the world’s most important financial institution? The version who toiled away in relative obscurity after graduating from Harvard in 2010 with a PhD in economics, writing papers about things like how supply-side reforms and deregulation can spur American industry? Or the version who has advocated for giving the executive branch — the very politicians who have steered the country toward a debt and deficit crisis — more control over the central bank and the cost of money? In choosing a White House insider as governor, Trump has shown he is more interested in Fed influence than in its independence, writes robert burgess. Read the column: https://lnkd.in/gsFnS_JQ 📷️: Al Drago/Bloomberg

After months of affronts and barbs, President Trump just threw India under the bus. Washington now treats New Delhi more as foe than friend, undermining a relationship that several American administrations — including Trump’s first — tried to strengthen. The breakup with Narendra Modi has unwisely upended the US's Indo-Pacific strategy, says Andreas Kluth. Here's why the president will regret it: https://lnkd.in/ekdxHGK5 📷️: LUIS ROBAYO/AFP via Getty Images

British heat really does hit differently. And YES, I know I could have just taken my jacket off, but the point still stands. It's getting hot in the UK, and our infrastructure makes it miserable. Watch me sweat in a coat on the tube or read my piece about how gov policy has focused on winter -- and largely ignored the summer. 🎥 Michael Johnson 🎁 gift link via Bloomberg Opinion https://lnkd.in/evvqmwKX

President Donald Trump just threw India under the bus. After months of affronts and barbs, Washington now treats New Delhi more as foe than friend, undermining a relationship that several American administrations — including Trump’s first — tried to strengthen, not least to contain China in the Indo-Pacific. Instead, India will now distance itself from the US and draw closer to Russia and even China. By diplomatic standards, the deterioration has been abrupt. Contrast the vibe between Trump and Indian Prime Minister Narendra Modi on two occasions this year. In February, Modi visited Trump in the White House, and the pair looked like two populist peas in a pod. Gushing about his MAGA host, Modi pledged to Make India Great Again and promised that “MAGA plus MIGA becomes a mega partnership.” Fast forward to recent days, as Trump first slapped a draconian tariff of 25% on India, then doubled that to 50% (to take effect later this month) as punishment for India’s ongoing imports of Russian oil. “I don’t care what India does with Russia,” Trump taunted. “They can take their dead economies down together, for all I care.” (India’s economy is in fact booming.) Nothing about this sounds mega. Trump’s ire against India is “mystifying” and “shortsighted,” Lisa Curtis at the Center for a New American Security told me. She’s worked for almost three decades to deepen the relationship between the US and India, most recently on the National Security Council in Trump’s first term. Like his Democratic predecessor and successor, Trump at that time also wanted to enlist the world’s most populous democracy as an ally to help resist the looming autocratic axis of China and Russia.... (Read the whole column with this GIFT LINK) Bloomberg Opinion https://bit.ly/456K4Uu

The area of the planet that is losing fresh water is growing by 2 Californias each year. Why aren’t we treating this like the emergency it is? My video for Bloomberg Opinion And a gift link to my column: https://lnkd.in/ep8hBSu4