Market Outlook One week into the Federal government shutdown, the fixed-income markets appear to be taking all the uncertainty in stride, although their patience may start to fray the closer we get to the dreaded October 17th debt ceiling deadline. With many key...
The issue of eminent domain is presently being raised in Richmond, California. Who benefits most from eminent domain: Main Street or Wall Street? The way this issue unfolds in Richmond may influence other municipalities considering its use.
Increased attention on local government fiscal stress and Chapter 9 bankruptcy filings has heightened concerns over municipal bond credit quality in wider circles than ever before. But while the Securities and Exchange Commission (SEC) requires certain issuers of...
Market Outlook It has come down to this: Day One of a federal government shutdown. The longer this latest Washington political debacle goes on, the greater the chance it will derail the nascent U.S. economic recovery. The showdown in the nation’s capital may have a...
