[Subscription Required] Precious metals no longer make sense as a store of value. Instead, peg money to goods and services.

Starting a decade ago, I’ve charted on Independence Day the most recent long-term projection of the federal debt by the Congressional Budget Office (CBO).

The Federal Reserve wound up its two-day framework conference on Wednesday with little consensus on what can be done to better prepare for the next big recession.

Tech investors celebrate a future of self-driving taxis and low labour costs as gig economy platform companies such as Lyft and Uber go public. But workers spy disaster. In more and more industries, the low-skilled suffer declining pay and hours. McKinsey estimates that 60 per cent of occupations are at risk of partial or total automation.