Category municipal bonds

State and local government budget planners have been on a roller-coaster over the last year.  They had no idea that government would shut down in March of 2020.  Sales taxes from online purchases have proved to offset some (but not… Continue Reading →

In its January/February issue, Avenue magazine highlighted the movement of hedge fund managers from New York City and other parts of the Northeast, to Palm Beach.  (Avenue is described as a society magazine for the discerning, stylish and savvy reader.)…. Continue Reading →

The trend towards incorporating data into policy decision-making is a noble one and has helped many governments and companies develop smart growth policies.  However, misreading the data either inadvertently or when it supports a pre-determined conclusion can lead policy-makers away… Continue Reading →

The Federal Reserve’s Z.1 flow of funds report came out yesterday and we updated our table of municipal securities holders.  We have a few observations: Concern that tax reform would reduce the value of tax-exempt securities for corporate holders held… Continue Reading →

We were perplexed by the March market sell-off. Why then? Did it take that amount of time for investors to realize that the virus would be with us for longer than we were originally told? But the drop was so… Continue Reading →