Latest from Allan Sloan

Trump hasn’t been a good businessman for years. His fall from the Forbes rich list just confirms it.

Forbes lists Trump as having a current net worth of $2.5 billion. In 2011, Trump was listed as having a net worth of $2.9 billion, which is $400 million more than he is worth now. And adjusted for inflation that $2.9 billion would be worth more than $3.5 billion in current dollars — over $1 billion more than Forbes says he’s worth now.
  • Oct 6, 2021

The debt ceiling fight carries a heavy financial price — even if we don’t default

The financial markets are already showing disturbing signs of the impact of a possible default. Federal borrowing rates are creeping up, and the U.S. stock market is exhibiting uncertainty-related declines.
  • Sep 29, 2021

The debt-ceiling debate is out of control. Here’s how to stop the madness.

President Biden and Treasury Secretary Janet Yellen should resist caving to Republican pressure on the debt ceiling and raise the funds needed to pay for government spending programs with special issue Treasuries to cash-rich friendly countries.
  • Sep 15, 2021

The simple tricks that turned one investor’s $70,000 retirement account into a $264 million fortune

Now a deputy for Warren Buffett's Berkshire Hathaway, Ted Weschler was a little-known money manager when he started building what became a $264 million retirement account. Taking full advantage of an earlier employer’s match was key.
  • Aug 27, 2021

Nobody knows if beefing up the IRS will really pay off. We should do it anyway.

A better-equipped and better-staffed IRS will change the way that big companies and ultra-wealthy tax-dodgers behave -- and that's a lot more valuable to our country than any profits that taxpayers might get from a beefed-up tax agency.
  • Jul 15, 2021

Long-term borrowing for infrastructure and other needs could be a great deal for taxpayers

Now that long-term rates are extremely low, Treasury should ignore established practice and start peddling lots and lots of long-term Treasury securities.
  • Jul 1, 2021

The stock market hit a double, but almost nobody noticed

The U.S. stock market closed more than 100 percent above the pandemic low to which it had plummeted on March 23 of last year.
  • Jun 28, 2021

Homeowners are doing great. Shareholders are doing even better.

A new Fed report finds homeowners’ equity rose 13 percent over the past year — and continued to climb during the first quarter of 2021.
  • Jun 16, 2021

AT&T dividend cut in WarnerMedia-Discovery deal is a debacle for shareholders

Shareholders will be hit hard by AT&T’s planned dividend cut. But I’ve got a plan to redress that.
  • May 21, 2021

No, the SALT deduction does not benefit only the wealthy. It makes sense to raise it.

A bipartisan proposal would let people wait until they’re 75 to begin taking (federally taxable) distributions from their retirement accounts. It would really only help a small share of well-off people.
  • May 14, 2021