Former head of Obama Auto Task Force. Wall Street financier. Contributing Writer to NY Times Op-Ed. Morning Joe Economic Analyst. 🌐

New York
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So far, A.I.'s losers are routine office jobs like data entry keyers and customer service reps. Its winners are data scientists and the trades building the data centers like construction laborers and electricians. My @nytopinion Chart: nytimes.com/2026/10/02/opini…
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The computer revolution wiped out 2.8 million clerical jobs: typists, data entry keyers, file clerks, secretaries. It also created nearly 4 million jobs in computer occupations that barely existed in 1990. My @nytopinion Chart: nytimes.com/2026/10/02/opini…
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Since 1830, technology has cut the American workweek from 69 hours to 38 while raising real income per person roughly 20-fold. Properly managed, A.I. can do the same. My @nytopinion Chart: nytimes.com/2026/10/02/opini…
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Productivity growth raises per-capita incomes, but outside the dot-com boom, it's been sluggish for 50 years. A.I. is our best chance in a generation to change that. My @nytopinion Chart: nytimes.com/2026/10/02/opini…
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A.I.'s risks are real, but they can and must be responsibly managed by government oversight. With proper guardrails, we can leverage A.I.'s transformative power for shared prosperity. Read my take in @nytopinion: nytimes.com/2026/10/02/opini…
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The S&P 500 is near a record, but if you strip out the A.I. companies, it’s down 5% since late August. My @Morning_Joe Chart
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Investors now demand extra pay to hold long-term U.S. debt. Inflation, the debt, and uncertainty about the Fed and Treasury response are making the situation worse. My @Morning_Joe Chart
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Trump keeps promising checks for voters but hasn’t delivered any. All these promises are fiscally infeasible anyway. My @Morning_Joe Chart
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Trump's tax cuts and botched tariffs will add over a trillion to deficits over the next five years.
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Trump’s tax cuts – and botched tariffs – will add $1.2 trillion to federal deficits over the next 5 years. My @Morning_Joe Chart
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Inflation hit a low of 2.3% in April 2025. Then came tariffs and the Iran War, and it’s been stuck above 3% since March. My @Morning_Joe Chart
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The 10-year Treasury yield is at its highest since 2007; the 30-year, its highest since 2002. Meanwhile, mortgage rates are back above 7%. My @Morning_Joe Chart
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Trump promised lower interest rates, prices, and government deficits. They’re all rising now. I’ll run you through it today on @Morning_Joe.
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Under President Trump, the wealth of the top 1% has grown more than twice as fast as the bottom half of Americans.
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Higher interest rates may throw cold water on soaring A.I. stocks.
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A.I. companies will need to find at least $4.2 trillion a year in new revenue by 2031 to pay for their data center buildout, per @BainandCompany.
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Despite the A.I. boom, Silicon Valley is shedding tech jobs.
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Baby Boomers hold more wealth in the United States than all other generations combined.
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Data centers are booming. All other private construction is shrinking.
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The cost of borrowing for mortgages, car loans, and credit cards is rising. This trend will continue as long as inflation and debt proceed on their upward trajectory under Trump.
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