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Anticipating Changes Ahead

  We have all been dealing with a lot of incoming news over the last week. While our form of government was being severely tested, there were many other factors to focus on from a municipal standpoint. One of the first items that comes to mind is the necessity...

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New Beginnings for Municipals

It is hard not to reference Shakespeare at this like this. After all, he really covered it all. I was trying my best to come up with a citation from one of the Henry plays. Yet, I keep coming back to Lear. I have visions of Lear wandering around the foggy moor with...

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What will happen to munis this year

John Hallacy, founder of John Hallacy Consulting LLC, talks about the most important opportunities and challenges the municipal bond market will face in 2021. He gives his estimate on where muni volume may be headed, discusses the possibility of a federal...

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Surveillance Items for Municipals in 2021

Some of the federal level drama was recently reduced by the stroke of a pen. However, some subplots continue to play out including the $2000 addendum and the filling of recent vacancies in various posts. Of course, there is every reason to believe that we will have...

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Lame Duck Dysfunction and the year ahead

Of course, the more controversial package includes state and local aid and legal protections for businesses pertaining to Covid-19 claims. Perhaps, bundling these two features together means that the basic stimulus package is more likely to pass. Indeed, lawmakers...

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Lame Duck Action

Lame Duck Action While our legislators have been dilly dallying near the banks of the Potomac, many are at home wondering if they will be receiving the proverbial lump of coal this holiday season. Given the price of coal lately, this prospect is also unsatisfactory....

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Sorting it out for Municipals

Sorting it out for Municipals In these times when the commonly accepted is now being continuously questioned, it behooves us to reflect on what may happen to the municipal market along the way. By now, one would expect that a smooth presidential transition would be...

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Fiscal Policy Off

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...

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