Why all roads lead to inflation
A combination of global expansion and money printing to avoid today’s economic pain has set us up for tomorrow’s spiraling prices.
A combination of global expansion and money printing to avoid today’s economic pain has set us up for tomorrow’s spiraling prices.
Investors looking for low stress and long-term stability from the market’s tides can find calm in target-date funds while still indulging in risks along the fringes.
Oil’s gains will pressure markets next week. Stocks tumble, with the Dow off 121 points because of American International Group’s huge loss. FedEx says higher fuel costs will chop second-quarter profit by 20%. Microsoft will appeal an EU fine.
The Dow skids on a worse-than-expected loss from insurance giant AIG. After four consecutive record closes, crude oil spurts past $126 a barrel. Citigroup’s Pandit outlines plans to cut some of the company’s assets.