by John Hallacy | Oct 21, 2020 | Articles
In much the same manner as we discuss risk off/risk on, I think it is time to brand fiscal policy on or off. Despite many hours consumed discussing all variations on a theme, most observers are now coming to the realization that the likelihood of additional stimulus...
by John Hallacy | Sep 21, 2020 | Articles
One of the more remarkable developments last week was that rates did not change very much. Now that the tech sector and equities have hit a bit of a pause button one would be inclined to conclude that municipals should be rallying more. We must acknowledge the role of...
by John Hallacy | Sep 9, 2020 | Articles
Some recent articles have served their purpose and have raised the awareness of municipals across a wider audience than is typical for the space. Many commentators outside the tradition space feel that it is just a focus of high-net worth individuals. But I have to...
by John Hallacy | Aug 26, 2020 | Articles
As someone who has straddled both living and working in both the city and the suburbs, I am finding the current discussion very disconcerting. I see the city and suburb relationship as symbiotic. Neither one should be viewed as superior to the other. They are simply...
by John Hallacy | Aug 10, 2020 | Articles
We knew too well about how the recent discussions of the next phase would unfold. We are now beyond the 11th hour without a plan. While much of the debate has centered around the continuation of the Unemployment Insurance supplement as it should, there has been much...
by John Hallacy | Jul 28, 2020 | Articles
We always exist in a world of contrasts. It just appears to be the case that the extremes are wider apart than what has been in our collective experience in the last fifty years. As investors, we lament the level of interest rates available in the market. The only way...
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