For most of the postwar era, the United States has enjoyed a privileged position as an issuer of both sovereign debt and US dollars that always found takers. But the US may no longer be able to rely on stable demand for its debt or its currency, forcing policymakers to face the truth about how financial markets are made.
Despite soaring housing costs, younger buyers are finding a way in. Here’s how.
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is steadying after registering minor gains in the previous day and trading around 99.60 during the Asian hours on Wednesday. Traders turn their attention to the Minutes from the Federal Reserve’s (Fed) July Meeting to gather fresh…
en English Longer Reads Aug 21, 2026 Yoon Young-kwan North Korea’s communist regime has long functioned as a faith, repurposing Christian doctrine and imagery to deify its founder, Kim Il-sung, and his descendants. A new book traces how those religious influences…
Trump says there are no talks going on, or scheduled, with Iran; US naval blockade remains in full force !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}
Investing legend Charles Ellis says that most stock pickers are playing a “loser’s game.”
NEW YORK—For centuries, the Catholic Church upheld the dogma that the world was flat and that the sun revolved around it, despite evidence to the contrary. It would take a technological, scientific, and cultural revolution to undermine this doctrine fully. Today, we are at a similar juncture when it comes to finance, where the orthodoxy of “flat” markets in pursuit of efficient outcomes maintains its grip on the minds of many economists and, more problematically, policymakers.