If a company were burning through essentially all of its cash flow each month, I’d be pretty nervous about its prospects. But that’s basically how Americans have been running their households since Donald Trump returned to the presidency with an inflationary agenda of tariffs and, most recently, higher energy prices from the conflict with Iran.
Jonathan Levin is a columnist at Opinion. He writes extensively about finance, financial markets, and economic policy, with a focus on capital markets, commodity trading, and the global economy. His work has been featured in prominent publications such as The Boston Globe, Bloomberg-Quint, and TIME.
