So what if banks are safer after 2008? The bigger danger is all the nonbanks sitting on the powder kegs of a decade's worth of financial excess:

wsj.com/articles/you-d… via Wall Street Journal Opinion

Over seven tumultuous decades in Britain, Queen Elizabeth II offered steady, self-effacing leadership. The deep mutual affection between her and the British people held the country together. Editorial: wsj.com/articles/queen… via Wall Street Journal Opinion

The U.K. may be facing a wave of business bankruptcies exceeding anything witnessed during the post-2008 panic and recession. The culprit is energy prices, writes Joseph C. Sternberg
on.wsj.com/3RMilPo

On today’s episode of the Potomac Watch podcast, Joseph C. Sternberg explains why Fed Chairman Jerome Powell and other government officials have had to clean up their messaging around the growing inflation rates. on.wsj.com/3Rll2Y4

Olaf Scholz promised a German 'turning point' and that's what the country has gotten, whether he actually meant it or not. My latest: wsj.com/articles/how-t… via Wall Street Journal Opinion

Rishi Sunak, running for U.K. Prime Minister, is doing the country a favor by lifting the veil on how Britain went into destructive pandemic lockdowns. wsj.com/articles/the-w… via The Wall Street Journal

Olaf Scholz promised a German 'turning point' and that's what the country has gotten, whether he actually meant it or not. My latest: wsj.com/articles/how-t… via Wall Street Journal Opinion

Funny how these projects are always a great idea so long as they'll sit off someone else's coast and someone else (meaning households) will have to pay up if the projects don't pan out.... wsj.com/articles/the-s… via Wall Street Journal Opinion

Judge Bruce Reinhart should unseal the affidavit the Federal Bureau of Investigation used to justify last week’s search of Donald Trump’s Mar-a-Lago home. wsj.com/articles/unsea… via The Wall Street Journal

An imp. point underlying the Mark Brnovich et al pushback against ESG investing is that ESG costs taxpayers money. If funds can't deliver returns for govt-employee pension-fund managers, taxpayers will have to make up the difference. wsj.com/articles/the-e… via The Wall Street Journal

China Gets a Great Leap Forward From Congress by Allysia Finley wsj.com/articles/beiji… via The Wall Street Journal

It may be impossible to add up the full cost of Britain's disastrous net-zero mistake, but the accounting starts with $5,000 household energy bills. wsj.com/articles/brita… via The Wall Street Journal

Xi Jinping may soon find that his assault on China's productive private economy - and the middle class it creates - diminishes China's global economic influence. If the sales aren't there, less reason for the West to cater to Beijing. My latest: wsj.com/articles/the-c… via The Wall Street Journal

Thanks to The Wall Street Journal and Joseph C. Sternberg for a thoughtful & generous review of my new book on the Fed! + Great title!!

wsj.com/articles/the-f…

What is irreplaceable and would be a great source of Beijing’s global influence is its people—if they’re allowed to join the consuming global middle class. But Xi Jinping doesn’t seem prepared to do that, writes Joseph C. Sternberg
on.wsj.com/3zUBrvc

Xi Jinping may soon find that his assault on China's productive private economy - and the middle class it creates - diminishes China's global economic influence. If the sales aren't there, less reason for the West to cater to Beijing. My latest: wsj.com/articles/the-c… via The Wall Street Journal

There's an important political point here that economists often forget: Aggregate data based on avg consumption baskets are interesting, but individual voters' experiences when they shop is what shapes elections. wsj.com/articles/zero-… via The Wall Street Journal

Ben S. Bernanke should have written a thoughtful book about what we still don't know about the monetary policies he pioneered after 2008. My review of the book he actually wrote instead: wsj.com/articles/21st-… via The Wall Street Journal

Flexible exchange rates are flexing the global economy in dangerous ways while developed-economy politicians and central banks turn the other way. My latest: wsj.com/articles/the-d… via The Wall Street Journal