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Much rhetoric today would lead one to believe that the march to oblivion in municipals is preordained
Much rhetoric today would lead one to believe that the march to oblivion in municipals is preordained. Although the credits are stressed, we will see a way out of the dilemma. That does not mean there will not be credit adjustments in the days ahead. There will be some increase in defaults and bankruptcies, but we do not see the rates swelling because governments will still work hard to solve their challenges. Debt remains a priority for most and not servicing the debt will not be taken lightly. This discussion is with Tom Hession of Riverbend Capital Advisors about the topics of the day.
Dissecting recent rhetoric regarding municipals
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...
Municipal bankruptcy : A conversation with Laura Appleby
Although municipal bankruptcy filings are rare, one may anticipate an increase given the status of local municipal finance since the onset of the pandemic. Laura Appleby who is a partner at the firm of Faegre Drinker Biddle & Reath has a focus on bankruptcy and...
Cities versus Suburbs: Current Discussion
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...
Exploring the contrasts in the current municipal market- a conversation with Peter Delahunt
On the Critical List: State & Localities
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...
Current Market Conditions in a Coronavirus Affected Municipal World
This session is a high level overview of current municipal market conditions and the effect of the coronavirus on all sectors and factors with Tom Hession of Riverbend Capital Advisors and John Hallacy of John Hallacy Consulting LLC
Is the ICU Ready for Municipals
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...
In the Waiting Room
I am not certain where the longer wait is these days. Is it staying in line for a Covid-19 test or waiting for Congress to act on another round of support for states and localities? I appreciate that there has been direct and indirect support. But now we are waiting...