Breakingviews

Asian capital flight risk goes beyond hot money

July 15, 2013

Reversal of foreign investment flows isn't the only threat for policymakers. Domestic households too could whip out their cash as rising US interest rates make it more attractive to take money abroad. For some countries the savings arbitrage could prove damaging.

Middle-class American dream needs less real estate

June 14, 2012

U.S. families in the middle income bracket lost 29 pct of their net worth between 2007 and 2010. The plunge in home values was largely to blame. Yet the rich got richer, with tax deductions of various kinds making it cheaper for them to save. Policy can help redress the balance.

Would a new consumer agency ban ObamaCare?

October 15, 2009

The cost structure of the Baucus healthcare reform plan is reminiscent of a teaser-rate mortgage. The whole deal seems affordable at first -- but then costs skyrocket.