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Posted in COVID-19 Economy Schools

Chicago Breaks with NYC; Mayor Lightfoot Says Schools Won’t Reopen in the Fall.

August 5, 2020 – Will they or won’t they? The question top-of-mind for millions this month is not whether the…

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Posted in Budgets COVID-19 Economy Issuers Sell-Side Research

Citi’s Controversial Recommendation: Issuers Should Issue More Debt

June 28, 2020 – In a report issued yesterday, Citi’s Municipal Research team recommended state and local governments undertook “aggressive…

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Posted in Budgets COVID-19 Federal Reserve Issuers

Fed’s Muni Liquidity Facility May Have Few Takers. “Badly Designed”, Says a Bulge Bracket Public Finance MD.

A portion of the article below was previously published on April 14, 2020. April 17, 2020 – The investor community…

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Posted in Budgets COVID-19 Federal Reserve Investing Issuers Uncategorized

Opinion: Buyer of One – Why The Federal Reserve’s Municipal Liquidity Facility Will Worsen Muniland’s Long-Term Outlook.

April 14, 2020 – The Federal Reserve brought their “bazooka” into #Muniland last week, promising (guidelines are pending) to purchase…

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Posted in Budgets Issuers Markets

As Fear Grips Investors, Muni Players Ponder: Do Dark Clouds Lie Ahead?

February 24, 2020 – The Dow Jones Industrial Average lost 3.56%, or 1,031 points on Monday, while the S&P 500 and Nasdaq fell 3.35% and 3.71%,…

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Posted in Budgets Economy Healthcare Investing Investor Outlook Issuers

Stocks Plummet. 30Y Tsy at 1.8%. It’s A Very Mixed Outlook for Municipals.

February 24, 2020 – As of this morning, fears of a prolonged #coronavirus outbreak and potential Bernie Sanders’ Presidency tanked…

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Posted in NYC Opinion Real Estate Taxes

Opinion: Only $550/Month Property Taxes, If You Can Afford Paying $59 Million For This Hudson Yards Penthouse

Hudson Yards is an undeniable success. The Vessel – Thomas Heatherwick’s public installation – is a masterpiece that draws thousands…

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Posted in Budgets NYC

Opinion: Why A Rainy Day Fund Is A Terrible Idea for New York City

Time and again, American voters forgive politicians with bad ideas – so long as they possess slick delivery. Often, voters…

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Posted in Credit Ratings Issuers New York State Transportation Finance

[Opinion] Moody’s Thinks Taxing the Rich Will Save New York’s MTA. There Is One Crack To This Argument.

August 8, 2019 – In a report issued today, Moody’s Investor Service laid out an argument in favor of New…

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Posted in Hedge Funds Illinois Investing Markets Retail Investors States

[Op-Ed] Something Fishy Is Brewing in Illinois. Smells Like Bacalao.

This is not an op-ed about the state of Illinois’ credit. As a progressive, I am holding out for the…