Latest Insights on LAC
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.Ride Oil’s Comeback
May 18, 2016 Oil
Don’t believe the media, oil consumption is not declining — it’s rising. But oil exploration budgets have been cut, and a supply shortfall is looming on the horizon. What’s Next for The Price of Gold: Will This Rally End?
May 17, 2016 Gold
Wall Street is finally jumping on board the gold bull train. But this broad acceptance could mean that the biggest gold rally in 25 years is due for a well-deserved rest. 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 …