Before the financial meltdown of 2008, a handful of prophets raised warnings. Most people didn't listen. Why? Because most people have a hard time seeing outside the bubble of the present moment.
In an interview, energy economist James Hamilton reveals how demand for oil keeps outstripping production, even with new shale oil supply coming from the United States.
One bank caught trying to rig an interest rate may be tip of an iceberg. With an estimated $300 trillion in loans or derivative contracts around the world pegged to the interest rate, the scandal is again shaking faith in major international banking centers like Wall Street and London City.