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The Need for Yield in a Recession: What Does That Mean for Us? August 5, 2016 U.S. Economy The U.S. economy limped along in the second quarter solely on consumer strength. Will that strength return for the third quarter and avoid a recession? Don’t hold your breath.
Negative Rates: We’re Gonna Need a Bigger Vault July 19, 2016 U.S. Economy Negative rates are a financial horror show. They’re already a reality in Japan and the EU. But some banks are beginning to balk at the idea by vaulting hard currency and gold.
Peeling Back Political Deficit Illusions July 6, 2016 Government & Politics In politics, we typically think fiscally conservative and tax cuts for Republicans and wasteful spending and tax hikes for Democrats. But are our assumptions true?
The Paradox of Cash: It’s Always the Government’s Money May 23, 2016 Currency For most of human history, we’ve lived in largely cashless societies. It’s nothing new. But there are concerns about a modern cashless society, and the real threat should terrify you.
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.





