2026-04-08 17:00:04
When it comes to understanding the economy, the pull of the past is hard to ignore. Cause and consequence are difficult enough to parse in real time. How about predicting a sequence of events? Near impossible. Comparing today’s economy to that of a previous era provides context and can help us navigate current conditions.
2026-04-08 12:52:55
Crude has fallen more only during Covid and the outset of Desert Storm.
2026-04-08 12:00:09
Britain is facing a double squeeze on wages and jobs over the course of this year. The signs are not promising for how an economy that’s basically stopped growing will cope with a shock to energy prices. For the average worker, the outlook is for more trouble ahead, with incomes stagnating even as consumer prices increase and the jobless rate looks set to climb even higher.
2026-04-08 12:00:07
Gold is trading near $5,000 an ounce. And yet, in the middle of US and Israeli war on Iran and as foreign central banks sell Treasuries to defend their currencies and bond yields rise instead of fall, the precious metal has barely budged even as the world's monetary authorities — the very institutions built to make gold obsolete — buy it at the fastest pace in a generation.
2026-04-08 12:00:05
“Meet the new boss, same as the old boss,” sang The Who. A similar vibe hangs over billionaire Bill Ackman’s $65 billion takeover proposal to move Amsterdam-listed Universal Music Group NV to the US, sell its stake in Spotify Technology SA and return more cash to shareholders.
2026-04-08 04:14:27
Artemis II used the moon's gravity to power itself home. Too bad American drivers can't do the same.
