Major news stories ebb and flow, rising to the headlines and then slipping out of the spotlight. But even if they fade from attention, keep an eye on this handful of long-term issues, such as North Korea, which have the potenti…
Bernanke & Co. are increasingly aware of the big impact that rising “animal spirits” (in Keynes’s words) can have on stocks and, in turn, the broader economy. Creating a self-fulfilling positive prophecy is the goal. Will it wo…
Bernanke’s zero-interest-rate policy is backfiring. Only the wealthy benefit from rising financial assets, as average Americans take on more debt. Worse, risky speculation is again being rewarded.
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Officially underway since June 2009, the recovery has been tepid at best. The balance sheet of the average household is still straining under considerable debt, while incomes have barely risen, suggesting that the recovery has …