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The stock market surged last week, with the Nasdaq and S&P 500 both hitting record highs and the Dow Jones Industrial Average still exceeding 29,000 per month after breaking that level for the first time. By a river, a scorpion that can’t swim asks a frog to carry it across a river on the frog’s …

Listening to President Donald Trump’s list of his economic accomplishments, both real and exaggerated, in this week’s State of the Union address reminded those of a certain age of Archie’s boasting Bunker that the United States has “the grossest national product”. Beyond the low unemployment rate and record stock prices, one data point was notable …