Many Russia experts note the deep and sad capacity of the Russian people for suffering.
The more Mr. Putin extends the fighting in eastern Ukraine, the more the financial markets will ratchet up their own pressure on Russia.
The idea that America, whose oil production has been declining for the past 40 years, is now on track to become the world's biggest producer by 2015 is still hard to grasp.
Housing works like a trampoline. When it is pushed down far enough and long enough, it will eventually snap upward very powerfully.
Cheap natural gas is a big stimulus to petrochemical production and a meaningful one for all U.S. manufacturing.
Within a few months in 2008, household finances were crushed as asset values fell, millions of jobs were lost, countless credit cards were canceled, and thousands of homes were foreclosed on.
In September 2008, the overleveraged and undermanaged U.S. banking system suffered a terrifying collapse. And that, in turn, nearly took the whole country down.
