Higher Rates: Tempest in the Teapot

Anybody who was surprised that the Federal Reserve Board decided to raise its benchmark interest rate this week probably wasn’t paying attention. The U.S. economy is humming along, the stock market is booming and the unemployment rate has fallen faster than anybody expected. The incoming administration has promised lower taxes and a stimulative $550 billion […]

Money in the Foreign Bank

 

You might have been reading worrisome comments in the financial press that corporate profits have come down from their highs, in part because unemployment is coming down and the labor markets are getting tighter. None of this is really bad news, or particularly surprising, despite the breathless spin in the financial press and cable […]

Getting Premium at the Cost of Regular

 

Whenever we fill up our cars with gas, we have a choice: we can buy “regular,” or we can pay extra (sometimes as much as 30 cents a gallon extra) for “premium” gasoline. Experts say that, for most cars, premium gas doesn’t accomplish anything except, perhaps, adding to the bonus pools of oil company […]