After winning a fourth consecutive general election in 1992, the UK Conservative Party chairman told then Prime Minister John Major that they had “stretched the elastic” as far as it would go. Soon after, it snapped. The Tories had been in power for 13 years at that point and had become arrogant and complacent. Major’s government became mired in sleaze ...

It’s painful when prices are soaring for everything, but there are at least two segments of the real estate market where inflation may actually be easing the transition to a new status quo. As the US embarks on its third year following the arrival of Covid-19, there are clear winners and losers arising from how the pandemic has changed the ...

  Savers are about to learn one painful and one surprising lesson about interest rates and banks. First, just because the Federal Reserve is raising rates doesn’t mean the rate investors earn on their cash will rise as much — if at all. In fact, the financial repression in the form of zero rates suffered for more than a dozen ...