How the American dream turned out to be pay to play
Big brands from Disney to American Express are profiting from economic divisions and making them wider
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So long, American exceptionalism
For the first time, investors are talking about ‘US risk’
How flattery became a big, beautiful industry
Never before have there been so many rich people to be boosted
America’s right and left have perfected each other’s tricks
Both extremes now have an affinity for cancel culture and conspiracy theories
Private credit firms pile into consumer debt as risk-taking mounts
Growth raises concerns about underwriting and risk management at fast-expanding groups
The rise of America’s intangible economy
Investments in non-physical assets demystify the US stock market’s performance
The reinvention of America’s shopping malls
Changes in shopping habits have widened the split between those catering to well-off customers and those facing bankruptcy