by John Hallacy | Jun 22, 2020 | Articles
I have been reading about how we have the highest unemployment rate since the Great Depression even though it has moderated a bit recently. I also await the revisiting of the estimate of the decrease in GDP for the first quarter this Thursday. The reading of down 5%...
by John Hallacy | Jun 13, 2020 | Articles
It has been a long time, but I have started to experience that strange feeling that we might try out some techniques that have not worked so well in the past. The 1970s were noteworthy in this regard. At the first suggestion that there should be imposed a cap...
by John Hallacy | Jun 7, 2020 | Articles
6/04/2020 The recent dual stresses of Covid-19 and tragic violence and strained racial relations have me wondering if there will be more cooperation in society and in government. The political parties are so far apart from an ideological perspective and in many other...
by John Hallacy | May 22, 2020 | Articles
One fact that has become abundantly clear is that Covid-19 will not stop imposing its will on state and local finance for some time. The damage done in the last quarter only really took place in the last month of March. All parties agree that this quarter is when the...
by John Hallacy | May 22, 2020 | Articles
The definition of a revenue bond is simply a bond that is repaid from a revenue stream. Revenue bonds until the pandemic breakout have represented about two thirds of the issuance in the municipal market each year. General Obligation bonds account for most of the...
by John Hallacy | Apr 30, 2020 | Articles
Equities are clearly running on sentiments about the future and not on the fundamentals at the present time. In the long run, the optimism will probably turn out to be well founded. In the near term, we know we are in for enduring more financial pain before the storm...
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