Waking up to the threat of the weakest link causing one disaster after another.

Even if they ultimately couldn’t tame the deficit, bipartisanship beats an ‘insanity premium.’

And oil is back above $100, with diesel at an all-time high.

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Human imperfection guarantees that investor efficiency will remain a hypothesis.

The need to show improvement on inflation proves too high a bar.

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Drastic changes in fiscal policy are needed, not signaling and symbols.

In both cases, investors have cause for concern.

You don’t need to go back to the Greeks to understand this implosion, but it helps.

Why looking backwards needs to figure more into steadying expectations.

No central banker will ever again enjoy the same aura of invincibility.

The template for 2008 holds up after a midyear check on our imaginary hedge fund.

The first trillion-dollar ETF brings excitement, but looming IPOs are unsettling passive funds.

The final frontier is efficiency, as some of the world’s biggest companies land on indexes.

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Lack of volatility is taking off pressure to reach a Strait of Hormuz deal.

What’s the same, and different, between now and the run-up to the Global Financial Crisis.

Europe, on the other hand...

At the risk of overstating, the similarities are getting too big to ignore.

Why ‘buy the dip’ is Trump Always Chickens Out’s best friend.

Why ‘buy the dip’ is Trump Always Chickens Out’s best friend.

The Powell case and future economic challenges are out of the Fed nominee’s hands.

I just voted in The Webby People's Voice Awards and checked my voter registration.

Markets have a lot to weigh up, but optimism took a bruising over Easter weekend.

Iran’s leaders have more incentives to keep the conflict going than Trump does.

Without a deal, the best outcome may be for the US to forcibly reopen the Strait.

Yes, there’s an oil shock, but fears of stagflation are way premature.