The $3.7 Trillion Municipal-Bond Market Just Isn’t That “Liquid”May 10, 2016by Jeff YastineBondsThe Fed is allowing big banks to treat municipal bonds as safe, high-quality assets for emergency reserves. But once you’ve read up on Ramapo, New York, “safe” no longer comes to mind.
U.S. Trouble With American DividendsMay 6, 2016by Chad ShoopStocksRates are headed higher and earnings are headed lower stateside. And yet, dividends are not only unfazed, but recommended on Wall Street. Something's rotten, and it’s time for investors to look abroad for better yield opportunities.
Europe: What Wall Street Is MissingMay 4, 2016by Jeff OpdykeGlobal EconomyAs the second largest member of the PIIGS pack, Spain was much reviled. But the country has rebounded despite anti-austerity bloviating. So much for Keynesian doomsaying …