Jan 28, 2015
Oil prices will stay low, barring a geopolitical crisis. We may get one soon. ISIS seizing control of Saudi Arabia's oil fields would drive crude back above $100 in a heartbeat.
Jan 21, 2015
This year is starting to feel like 2008, when the whole world could change during a weekend. Last week's Swiss National Bank (SNB) decision to cut the franc's tie to the euro was a big surprise. Only days earlier, SNB officials had denied any such plans.
Jan 14, 2015
The Paris terror attacks could change everything , or nothing. I lean toward "everything" because politicians are clearly milking all they can from the incident. We'll know more in a few weeks.
Jan 7, 2015
Who hacked Sony? Follow the money and you'll see it wasn't North Korea. Stopping a low-budget comedy film wasn't the primary goal, either. Whoever was behind the intrusion had other motivations.
Dec 31, 2014
Europe's common currency, which was never a good idea, is nearing its expiration date. The coming year should seal the euro's doom , and the whole world will feel it.
Dec 23, 2014
Forecasting the future is inherently risky, for the simple reason that none of us truly knows the future. A long list of financial writers have embarrassed themselves and their profession by pretending otherwise. The truth is that we can make educated guesses, at best.
Dec 17, 2014
Last week's ugly compromise spending bill sailed through Congress, but what was in those 1,600+ pages? It's hard to be sure , but something in there was important to Citigroup and other big banks. They pulled out their big guns to get the bill passed.
Dec 10, 2014
Sub-$2 gasoline is reality in parts of the U.S. and will probably be common by January. That's great news for drivers and consumers. It's not so great for the energy industry.