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Sending the Stimulus Wisely
While you have been watching Tesla stock on the up and down roller coaster, you have found some solace in the stability in the municipal space. It is true that yields are up measurably and that funds are not cascading into mutual funds of late. But new issuance is...
Stable and Reliable
Stable and Reliable The recent power crisis in Texas had me thinking back to the beginning of my career several decades ago when my primary job was as a power analyst. I trudged through many of the public power plants across the nation including the nuclear facilities...
Governing by the Rule of 51
Governing by the Rule of 51 Most participants in the markets and pundits who follow events agree that given the level of unemployment among other factors that more needs to be done by the means of additional stimulus. The administration’s goal to include state and...
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...
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...
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...
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...
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...
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....