It is time to pay more attention to the geopolitical party poopers at Davos. While the world certainly hasn’t been peaceful, several years have gone by since a conflict or act of terror had a meaningful global economic impact. This year, though, economic ripples from latent conflicts are a realistic threat.
A range of forces—including political blowback, whiffs of inflation, stirrings of fiscal stimulus and worries that the policies themselves may backfire—are pressing central-bank chiefs to push short-term interest rates no lower.
Americans say they’re feeling more upbeat about the economy. Retailers will be forgiven if they don’t quite believe that. Retail sales rose 0.6% in December, a result that fell slightly short of economists’ forecasts.
The advanced DIY life generally starts with small projects, and you add tools and skills along the way, but you’ve crossed the Rubicon when you say the same thing about every job: “I’m not paying someone to do that!” And the money saved is only part of it.