The Coming Recession Gary Shilling is one of modern America’s storied economists. He has nailed any number of economic turns over the past 40 years. Perhaps his most prescient call was his early-’80s prediction that the U.S. was entering the bond bull market of a lifetime...

It’s Congress’s Fault America’s Constitutional system provides for a sharing of power among the three branches of Federal government: the executive (the President); the legislative (Congress); and the judicial (the courts and, ultimately, the Supreme Court). Each branch has the primary responsibility for a...

The Hollowing Out of America There have always been two Americas: the rural, onetime agricultural America; and the urban, once the-center-of-manufacturing America. In 1900, America was a rural country with a rural-to-urban population ratio of 60:40. By 1950, the country had become urbanized with a ratio...