Tag: interest rates

Premium Municipal Bonds: More Bang, Less Buck?

Premium Municipal Bonds: More Bang, Less Buck?

If investors have ever wondered whether it’s worth ponying up a premium for some municipal bonds, we think the answer may often be yes. These defensive bonds seem particularly compelling today, when interest rates remain relatively low and both volatility […]

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There’s More Debt, But Not More Wealth

We’ve been playing two games to mask insolvency: one is to pay the costs of rampant debt today by borrowing even more from future earnings, and the second is to create wealth out of thin air via asset bubbles. The […]