The Higher the Debt Ceiling, the Deeper the Hole

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…

Best and Worst Global Stock Markets of 2010

The big winners of 2010 scored returns far above those of U.S. markets by piggybacking on China’s ferocious growth. But rebounding American equities look mighty impressive next to the year’s real losers: the victims of the euro…

Expect the Dollar’s Uptrend to Be Negative for Stocks

The dollar-stocks see-saw — in which the two move in opposite directions — seems to be holding up. And over the longer term, there’s good reason for the dollar to stay on its recent upward trend, which would be bad news for s…