We take a trip through the latest Federal Reserve (FR) Z.1 report data relating to municipal bonds, holders and related credit factors such as public pension funding and consumer debt such as student loans. Following tax reform, which lowered corporate… Continue Reading →

The COVID-19 pandemic exposed social inequalities in healthcare, the division of labor and wealth for those without property or money in financial markets. Russia’s war against the people of Ukraine has exposed our global reliance on oil and gas, as… Continue Reading →

Demand for securities that comply with Environment, Social and Governance (ESG) criteria has continued to mount, especially since publication of the Intergovernmental Panel on Climate Change’s (IPCC) latest reports which highlight the existential challenge that climate change poses to life… Continue Reading →

As investors continue to press for reduction of carbon producing activities in the companies they buy, it is worth reflecting on the potential transition costs.  Sky high natural gas prices in the UK have exposed the many applications of coal,… Continue Reading →

More than 140,000 children under the age of 18 lost a parent or significant caregiver to COVID-19 between April, 2020 and June, 2021 in the U.S., according to a report released by the Center for Disease Control (CDC) yesterday.  While… Continue Reading →

The INVEST in America bill, HR 3684, also known as the infrastructure bill, passed the House on July 1st, and the Senate on August 10th.  You can view the Senate voting roster here.  We raise this, despite heavy political haggling… Continue Reading →