Since the recession, the value of derivatives outstanding has grown, and they remain very risky with the potential for large, unpredictable losses.
The Economy
If There’s No Inflation, Why Are Prices Up So Much?
Many of the costs faced by typical American households are rising faster than the official inflation statistics indicate.
What Happens When the Fed Really Does Run Out of Ammunition?
The Fed has no good choices. If easy money ends, the economy will slow even more. But continuing the policy risks inflation
Is the World on the Brink of a Currency War?
Economic policies that look like the start of a trade war are really aimed at addressing domestic economic problems.
Why Being a Quitter Is a Good Sign for the Economy
You only quit a job when you’re confident you can find something better. And in December, more Americans since the start of the recession felt good enough to pack up their desk and look for employment elsewhere.
Lessons in Socialism: How Cuba Can Become Relevant Again
An entrepreneurial wave is emerging in Havana that, along with immigration reform in the U.S., is giving Cuba renewed relevance while giving Americans a close look at the dangers of extreme wealth redistribution.
Has the Banking Industry Really Been Fixed?
The banking sector still faces big challenges, but greater transparency will boost investor confidence and also encourage banks to manage risk better internally.
How a Century of Income Taxes Can Clarify Today’s Debates
History shows that there’s no right way to raise income taxes – but generally it’s smarter to eliminate preferences, deductions and loopholes rather than jacking up rates.
Cash Leaking Out of 401(k) Plans at Alarming Rate
A quarter of money socked away for retirement comes out early, much of it subject to penalties and income taxes. For many, the venerable 401(k) is just too darned inefficient
6 Reasons the Stock Market Could Do Surprisingly Well in 2013
A slow-growing economy with little inflation can actually be the best environment for blue-chip stocks.
What the Current Economic Outlook Means for American Families
The economy is likely to keep improving, but slow growth could develop into chronic stagnation.
Why Restaurants Have Been Holding Back on Hiking Menu Prices
As food prices rise, the cost of dining out inevitably inches up as well, right? Well, maybe not.