Just how low can stock markets go?

Just how low can stock markets go?

Stock markets around the world have fallen sharply. The question is: How vicious can the bear become? Sculpture of a bear outside the Frankfurt Stock Exchange (EPA/Frank Rumpenhorst) The nation’s heartland boomed to meet the global economy’s insatiable demand for its...

Why the Fed matters

Why the Fed matters

The U.S. central bank — the “Fed” — is expected to raise interest rates soon, the first monetary tightening in years. Here’s why it matters to all of us. (Wikimedia Commons) The Federal Reserve — the U.S. central bank — is...

John Nash: Eccentric and human

John Nash: Eccentric and human

The first time I met John Nash I was overwhelmed — and amused. The math genius was both eccentric and human. The first time I met John Nash I was overwhelmed — and amused. I knew about the Nash equilibrium, a founding concept for game theory, a branch of mathematics...

Economy