The average citizen may feel confused. In March, we heard it was essential the Federal Reserve lay out an unprecedented sum of money to keep Bear Stearns from collapsing. In July, Treasury Secretary Henry Paulson told Congress it was essential…
When to hold, when to fold on house?
I’m not sure if groups of recovering stock traders ever hold hands to intone, “God, grant me the serenity to cut my losses short, the courage to let my profits run, and the wisdom to know the difference,” but they…
Do OPEC pricing claims defy Econ 101? Maybe not
OPEC President Chakib Khelil probably didn’t sound credible to many people Wednesday when he announced that the cartel is cutting production by more than a half-million barrels per day, but that consumers needn’t worry — the decision wouldn’t affect prices…
Who’s retired? Definition makes a difference
A recent Associated Press story notes “‘more Americans work to later age.” Yet over the past couple of decades, the average age at which people apply for Social Security, now about 63, has been dropping at least slightly. So what…