Companies pay billions in taxes too much because of anachronistic tax accounting for pension obligations. Why the topic is more topical than ever.

Residential real estate prices are said to have stabilized. Whether this will continue is questionable.

The biggest losers of rising interest rates are the central banks as owners of the largest bond portfolios. The losses are hidden. As long as citizens do not discover the hiding place, all is well.

When the current bear market in equities will bottom out can at best be vaguely estimated. But there are indications as to whether equities are worthwhile regardless of this.

The Federal Reserve has entered an interest rate hike cycle. But whether it will be able to raise interest rates without a lim-it is questionable.