Adjusting for inflation — and, crucially, for taxes — shows bond investors fare better than they might think
Lenders financed expansion in some markets, offsetting problems in others
What happened when the Argentine government lied about inflation numbers?
Unlike in past cycles, factory jobs are showing strength ahead of expected downturn
It varies across goods and services and can be blunted by monetary policy
The populist model, embraced by some on the American left, resembles policy that helped torpedo some smaller economies