Allison Schrager

ALLISON SCHRAGER IS A BLOOMBERG OPINION COLUMNIST COVERING ECONOMICS. A SENIOR FELLOW AT THE MANHATTAN INSTITUTE, SHE IS AUTHOR OF “AN ECONOMIST WALKS INTO A BROTHEL: AND OTHER UNEXPECTED PLACES TO UNDERSTAND RISK”. @ALLISONSCHRAGER

Some investors are concerned that this booming stock market is starting to look frothy, and there are debt vulnerabilities brewing in the financial sector.

How can an economy this good feel this bad?

The US is in the middle of an economic boom, but it is more vulnerable to shocks than it was a few...

 Palantir co-founder and CEO Alex Karp says that he agrees with progressives on most issues.
THE BROAD VIEW

Data is changing shareholder capitalism

Corporations should still strive to maximise investor returns, but in some cases, other values should take precedence

Recognising a bubble requires spotting an asset or asset class that is objectively overvalued before everyone else does.
THE BOTTOM LINE

The private equity bubble is about to deflate

Whether valuations fall suddenly or gradually, the industry is due for a reckoning, and the consequences for the economy are dire

The US economy is probably entering a period of higher interest rates and inflation, which could come with higher volatility in general, including in stock valuations.
PERSPECTIVE

Market volatility is about to make a comeback

A transformative period may be imminent for the US and global economy – and it will bring more risk

While the Fed exerts control over short-term Treasuries, the research is mixed on how much influence it has on longer-term bonds.
WEALTH & INVESTING

Higher for longer? Rates could be higher forever

If borrowing costs remain elevated, there will be greater downside risk for investments. But it’s not all bad.

People have no idea how much money they need to retire, showing how poorly the financial industry educates people on what retirement costs and what kind of assets they need.
WEALTH & INVESTING

Wall Street just doesn’t get retirement

The goal of retirement plans should be providing income to those no longer working, not accumulating wealth for those who still are

Noise is not only a fact of life for financial data, it is present in economic data, health data, even data about Reddit comments.

Investors can’t always trust the data, and that’s okay

The spread of analytics has been good for almost everyone, but it’s more important than ever to separate the signal from the...

A protest against fossil fuels at Dubai's Expo City during the UN Climate Change Conference COP28 in Dubai, United Arab Emirates, Dec 2023. Phasing out fossil fuels is a good idea, but how to make it happen?

The virtue economy is over

The DEI and ESG movements are well-intentioned, but executing on the vision has always been a problem

The challenge is to make your money last a lifetime while facing uncertainty about the future of markets, your income, your health and your longevity.
WEALTH & INVESTING

Three myths about investing for retirement

The bad news is that you are probably thinking about it all wrong. The good news is that you are probably better...

A low-growth future not only robs future generations of prosperity, it means people will need to pay more for the things we already consume.

When did growth become a bad word in the US?

Playing it safe with economic policies threatens America’s claim to global leadership