Latest Insights on TOL
The $3.7 Trillion Municipal-Bond Market Just Isn’t That “Liquid”
May 10, 2016 Bonds
The 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. Europe: What Wall Street Is Missing
May 4, 2016 Global Economy
As 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 … America’s Pension Problem
April 27, 2016 Government & Politics
The government has a growing problem with its pension plans that will comes to an explosive head very soon. And no one will like the answer to the problem. Beware the Fed’s Hubris on Inflation
April 19, 2016 U.S. Economy
The market has grown used to cries of “Deflation!” and dovish Fed speeches. So much so, that early indicators are being ignored. The fact is, inflation is about to blindside Wall Street. Welcome to the Real Hunger Games
April 12, 2016 Commodities
Shifts in economic growth and weather patterns threaten to decimate world food production ... leading to soaring commodity prices and potential food riots.