Jonathon Trugman
The Archive
Charles Schwab-TD Ameritrade deal would show fallacy of 'free' trade
Just weeks after Charles Schwab turned the industry upside down by cutting online stock trading commissions to zero, word broke Thursday that it is in discussions to acquire rival TD...
Social Security is surprisingly insecure
With the stock market hitting another all-time high last week, it sure would be nice to see Washington do something intelligent with our FICA tax/Social Security dollars. Instead, the DC...
Michael Bloomberg brings much-needed business chops to Democratic primary race
Billionaire businessman Michael Bloomberg took a first step into the race for president of the US on Thursday. Gifted with a brilliant business mind, he begrudgingly threw his hat into...
What investors can expect during Trump impeachment proceedings
Investors are currently faced with a new wrinkle: an “impeachment inquiry.” Whatever that amounts to. There were full-blown impeachment proceedings in the cases of President Clinton and President Nixon. In...
Elizabeth Warren is wrong on taxes — and Leon Cooperman
Elizabeth Warren went after billionaire Leon Cooperman on Twitter last week after Cooperman colorfully explained to Politico the facts about the real-world consequences of her economic and tax policies. Cooperman...
Moody's 2020 report picks Trump to win election
Democrats squared off in a debate on CNN last week, but neither the participants nor the moderators focused much on the economy -- much less on Moody’s 2020 Presidential Election...
Ronan Farrow's new book should be a wake-up call to DC
Nothing wakes up “woke” America better than when one of its celebrities gets caught being a bad actor. Those occasions should wake up Washington and every C-suite in the country,...
WeWork IPO fail is unique
The largest tenant in all of New York City — WeWork, with 5.2 million square feet of space — shelved its plans to go public on Monday, a week after...
How college kids can prepare themselves for the job market
Hey, college kids, whether you’re a freshman or a returning junior, the first few weeks of festivities are now over. It’s time to focus on why you’re in school in...
We must do more for our nation's homeless
If you live in or have visited one of America’s major cities in the last five to seven years, it’s likely you have seen one of America’s biggest shames: the...
Warren's plans for Big Tech and Big Banks are big trouble
Last week, Elizabeth Warren made it clear she wants to reign in the banks and Wall Street, and break up Big Tech. What dumb ideas. Perhaps the lawyer-turned-overpaid-professor-turned-senator does not...
Don't fear a recession -- the economy is looking solid and stable
One of the hardest things to understand about the current economy is that we are in a good, solid place — but not a perfect one. Last week’s jobs report...
Expectations for Disney+ should be tempered
There are high expectations for — and a lot of hoopla surrounding — Disney’s upcoming streaming service Disney+, which is scheduled to launch in November. The grand reception could be...
Recession 'red flag' may be misleading
There has been much talk of an inverted yield curve indicating an impending recession, which has amped up traditional August market volatility. It is, of course, brought to you courtesy...
It is staggering how Jeffrey Epstein managed to fool Manhattan’s elite
Jeffrey Epstein managed to creep his way into some of the highest places in the world on the back of a meticulously made-up mosaic of phony accolades.
Trump's tweets about China are a diversion from the key issue
Last week began with President Trump labeling China a currency manipulator in his tweets about levying new tariffs on that country, causing an overall escalation of trade tensions. The way...
Medicare for All is a Democratic fallacy
Ordinarily, I’m not one for watching political debates, let alone early-on primary ones. I prefer perusing the résumés and actual accomplishments of those who want to govern. Debates merely show...
DOJ's tech probe needs to be mindful of corporate harassment
The Department of Justice last week launched a wide-ranging antitrust review to determine if the largest technology companies are, or have been, stifling competition. The four that are reported to...
The genius behind Amazon's Prime Day
Stop for a minute and think of the sheer brilliance of last week’s Prime Day. It’s become a thing now, a big multibillion-dollar worldwide two-day event — Black Friday with...
Fed will fix its own fumble with rate cut
Last week, Federal Reserve Chairman Jerome Powell telegraphed to the markets that a rate cut is coming. There seems to be quite a bit of uncertainty over why the Fed...