When some new members of Congress recently said they oppose raising the U.S. debt limit, it triggered warnings of “catastrophic consequences.” Indeed, the result wouldn’t be pretty. But here’s what’s at stake as the country’s d…
The Federal Reserve is doling out billions to buy bonds in hopes of keeping interest rates low and stimulating the economy. However, several powerful forces are working against that low-rate strategy, ranging from investor psyc…
Republican leaders may be worried about the Federal Reserve’s second round of quantitative easing, but the stock and credit markets are delighted: They’ve improved significantly since the plan was announced. But can the rally b…
Republican leaders may be worried about the Federal Reserve’s second round of quantitative easing, but the stock and credit markets are delighted: They’ve improved significantly since the plan was announced. But can the rally b…
Nouriel Roubini, the NYU economics professor who has earned the nickname “Dr. Doom” for his predictions, says he’s concerned the tax cut compromise struck by President Obama and GOP leaders could expose the U.S. to bond vigila…