Municipal Bonds Plummeting
Muni bonds are cratering. The iShares National Municipal Fund is down more than 5% since the beginning of November. Rising long-term interest rates, a...
Senator Bob Corker on the Fed
This is a giant leap in the right direction. The Fed’s dual mandate is harmful to the long-run stability of the U.S. economy. Monetary...
Sky-High Silver
Silver prices have gone parabolic. The metal is up almost 60% since August. If history is any guide, this isn’t going to end well.
Selected Quotes from the Myth of the Rational Market
I recently finished reading The Myth of the Rational Market by Justin Fox. The book is a chronological history of modern economic and financial...
Wilmington Trust “Take-under”
The $10 billion, Delaware-based Wilmington Trust was acquired this week in a “take-under” by M&T bank. The take-under was announced the same day that...