ViewpointsOpinionOil tankers sit anchored off the coast of Seal Beach in Seal Beach, Calif., on March 17, 2026. Justin Sullivan/Getty ImagesDaniel Lacalle3/23/2026|Updated: 3/23/20260:00CommentaryThe current oil and commodity price shock has created an interesting pattern: The futures curve has moved further into backwardation, and market...
CommentaryEasing and tightening decisions move all assets from bonds to private equity. Their role is supposed to be to control inflation, provide price stability, and ensure normal market functions. However, there is little evidence of any success in achieving their goals. The era of...