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Posts Tagged ‘municipal bond insurance’

My Daily Travels

November 4th, 2016 by Kurt L. Smith

Working in the municipal markets on a daily basis is like having the opportunity to travel the country each and every day. I visit California and Texas most often as they are big states with numerous debt issuers. But by the end of each day I have generally made a wide swing across many states and then tomorrow I will get up and do it all again.

Change doesn’t occur rapidly across the country but change does occur. Growing areas, primarily the biggest cities along the east and west coasts and in Texas, continue to grow. Everywhere else, and that’s a lot of everywhere else, seems to be doing a lot of nothing.

If municipalities were stocks, odds are you would only buy the top five or so. Think of them as the Apple, Amazon, Facebook or Google of municipalities. That’s how few areas of the country are growing. Not that growth solves all problems, but lack of growth, particularly if you were counting on it, can add unforeseen risk to the situation. (more…)

A Point & Click World

March 7th, 2014 by Kurt L. Smith

I found myself thinking I have lived through this time before.  Stocks are at all-time highs (again), homes are being torn down for new ones (again), internet stocks and their firms are cool (or hot, again) and the idea of trading municipal bonds via point and click is not only a reality but seemingly continues to gain momentum. (more…)

The Madness of Crowds

December 9th, 2012 by Kurt L. Smith

With the countdown clock to the Fiscal Cliff now inside thirty days one does not need my monthly missive to stir fear, panic and depression.  Washington has you covered this month.  Therefore, I will take a more optimistic stance: I believe your Cash and Bonds are well positioned for the current and future environment. (more…)

NEWS FEED

The $247 trillion global debt bomb washingtonpost.com/opinions/the-2…