The “public pension crisis” is the kind of subject that’s easy to over-analyze, in part because there are so many different examples of bad behavior
For the past few years, homeowners just about everywhere have been able to finesse life’s problems by thinking “at least my house is going up.”
To understand why Europe is watching Turkey’s financial crisis with alarm, you just have to see this chart: Spanish – and to a lesser extent
Emerging market currencies are collapsing pretty much everywhere these days. But it’s safe to assume that most people don’t understand exactly what’s causing this outbreak,
Money manager Rob Arnott and finance professor Lisa Meulbroek have run the numbers on underfunded pension plans and come up with an interesting – and
Just a few months ago, real estate was on fire. Prices were blowing past records set during the previous decade’s housing bubble as desperate buyers
The Wall Street Journal recently highlighted a better method of analysing the impact of public sector pensions on state and local budgets. The results are
Not so long ago, student debt was mostly the responsibility of students. That is, you paid for college with loans and then paid off those
China’s growth over the past decade has been not just impressive, but historically unprecedented. No single country has ever added this many factories, roads, airports
The longer an expansion lasts, the crappier its paper becomes. That may seem like a baseless assertion, but it’s actually just simple math. Early in
For most of the past few years, emerging market stocks and bonds were among the favorite investments of everyone from hedge funds to pension funds
Today’s Wall Street Journal is profiling an orthodontist who has $1 million in student loans, is paying less than the interest that’s accruing, and because
So many patterns that have held for decades seem to have broken down, leading to one of two conclusions: Either this time really is different
Analysts disagree about which indicator is best for calling market tops, but the easiest to understand — and the most tragic — is probably margin
Self-destruction usually happens in stages. At first there’s a binge in which the thrill outweighs the sense of transgression. This is usually followed by remorse,
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