A Debt-Ceiling Fight Could Raise U.S. Borrowing Costs and Worsen Budget Deficits

Illustration by Chris Cash Text size About the authors: Arvind Krishnamurthy is the John S. Osterweis professor of finance at the Stanford Graduate School of Business. Hanno Lustig is the school’s Miz...

Oil Markets Will Enter 2023 in a State of Creative Destruction

Illustration by Jon Krause Text size About the author: Karim Fawaz is an oil market analyst and research and analysis director at S&P Global Commodity Insights. The history of oil markets is litte...

Why Standard Deviation Is the Wrong Way to Measure Risk in a Bear Market

Illustration by Alex Nabaum Text size About the author: Rick Lear is the founder and chief investment officer at Lear Investment Management. The idea of adding to or maintaining fixed-income exposure ...

Twitter v. Musk: Why the Court of Chancery Will Never Order Specific Performance.

Text size A court could compel Tesla chief executive Elon Musk to purchase Twitter, but could it compel him to operate it in the best interest of shareholders? Al Drago/Bloomberg About the author: Car...

When Will the Recession Start? Sooner Than Investors Think.

About the author: Larry Hatheway is a co-founder of Jackson Hole Economics and the former chief economist of UBS . Economists and pundits who expect recession but not until 2023 may soon be surprised ...

The Fed Is Ignoring the Money Supply and Letting Inflation Rip

Text size Farmers descended on Washington to protest high interest rates in 1979. Charles Harrity/AP/Shutterstock About the author: Robert Heller is a former member of the Federal Reserve Board of Gov...