Yes, Americans Are Saving Enough for Retirement

Published on March 13, 2026

One of my most longstanding and controversial opinions is that the move from defined-benefit pensions to defined-contribution pensions was a success. It’s an especially unpopular view amid stories of retirees who fall through the cracks and a grim market that is pruning many retirement accounts, if not retirement dreams.

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Apollo's Private Credit Logic Is a Lot Like Goldman

March 13, 2026
Back in 2008, executives at Goldman Sachs Group Inc. were zealots for valuing their assets at exactly the prices where they could be sold. Critics said this fervor for fair value inflamed the financial crisis, while supporters argued it helped investors and lenders at least know where they stood.

Consumer Sentiment Falls 2% to Lowest Reading of 2026

March 13, 2026
Consumer sentiment fell for the first time in four months in March, hitting its lowest level of the 2026. The Michigan Consumer Sentiment Index dropped 1.1 points (-1.9%) to 55.5 this month, coming in above the forecasted 55.0.