Something funny is going on with the Fed funds rate, but everyone is so engrossed with the auto industry and other dramas that few have noticed. This long-obscure interest rate historically has been an important financial-market barometer, but its readings…
Big, bold change unlikely for Detroit’s Big 3
It is an attractive idea that the dull brown moth of the U.S. auto industry can somehow initiate a metamorphosis to become an iridescent butterfly of green technology and electric vehicles. But don’t count on it. History is replete with…
When in doubt, dump
Shopping malls may seem far removed from hog farms. But hog producers and retail managers often face the same brutal reality: When push comes to shove, they must sell products for whatever price they can get. An Associated Press story…
Stronger dollar is welcome news…for some
The dollar has been gaining strength against other currencies this year. But is that a good thing? Any change in an economic indicator can be good news or bad news, depending on the context. We are in highly unusual times…