• Blog

    Muni Nation

    July 22, 2013

    Detroit City Blues

    by Jim Colby, Portfolio Manager

    Van Eck Global as the sponsor of Market Vectors municipal bond exchange-traded funds (ETFs) naturally has serious concerns following the filing of the petition by the City of Detroit seeking protection under Chapter 9 of the bankruptcy code. What implications do I think are ...

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    Muni Nation

    July 18, 2013

    Plain Talk, Part 1

    by Jim Colby, Portfolio Manager

    Let’s face it: There are some truisms in life that we seem to intuitively know and believe, but will not give credence to until after the fact. One such concept is things are never as good as they seem, nor as bad.

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    Muni Nation

    June 26, 2013

    Defogging Lenses Required

    by Jim Colby, Portfolio Manager

    The various cliffs that we and virtually the entire business community have discussed and feared since last November seem to have appeared suddenly and viciously sending markets careening toward the fog of uncertainty. The market fall of the past five business days not only ...

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    Muni Nation

    June 24, 2013

    The “Category F5 Tornado” Has Passed

    by Jim Colby, Portfolio Manager

    Traders are telling me in so many words that they are beginning to touch solid ground (perhaps with only their toes) and set bids in today s market in the wake of the selling frenzy which occurred yesterday. The recalibration of the AAA yield curve for municipals reveals a n...

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    Muni Nation

    June 14, 2013

    For What It’s Worth

    by Jim Colby, Portfolio Manager

    The Buffalo Springfield song refrain what s that sound everybody look what s going down applies as much to the financial markets of today as it did to life in 1967. We seem to have reached a tipping point where investors and traders are intent upon stealing the Fed s thunder...

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