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Posts Tagged ‘bubble’

No, It Won’t Be Like This Forever

February 11th, 2013 by Kurt L. Smith

Sure short-term interest rates are near zero; nothing new here.  But the good news, albeit great news, is we continue to find worthwhile, short-term municipal bonds.  In a world of generic, too-big-to-fail, debt by the billions, you can thank a very diverse, too-many-issuers-to-count municipal bond market for these opportunities.

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It’s The Fed, Unfortunately

January 6th, 2013 by Kurt L. Smith

Looking back over the past year the defining point for the markets was Federal Reserve Chairman Ben Bernanke’s missive in September.  Asset prices peaked with Ben’s pronouncement.  Animal spirits are now dissipating.  The reversal eventually sent Municipal Bond prices to their high November 30th, along with my proclamation that Municipal Bonds were in bubble territory, heading for a big fall.

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