Kansas lawmakers are once again showing a troubling readiness to pour public resources into expensive stadium deals, this time to entice the Kansas City Chiefs and Royals to relocate across the state line from Missouri. The latest move to extend the deadline on bond-financing legislation for a monumental stadium and entertainment district project seems less
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As 2025 progresses, the municipal bond market—long viewed as a bedrock of conservative investment—finds itself wrestling with structural burdens that many investors either underappreciate or dismiss outright. Despite a seemingly stable backdrop marked by record equity highs and rising Treasury yields, tax-exempt municipals have markedly underperformed. This underperformance reflects deeper underlying vulnerabilities driven principally by
The recent stellar rallies in JPMorgan and Bank of America shares have captured widespread investor enthusiasm, yet beneath this optimism lies a troubling imbalance. The enthusiasm seems to be driven more by momentum and narrative—deregulation benefits, strong capital bases, and reopening capital markets—than by sober valuation discipline. When an iconic institution like JPMorgan trades at
The luxury real estate market is undergoing a seismic shift that reveals a troubling divide—one that separates the ultra-wealthy from their merely wealthy counterparts. While overall headlines might emphasize growth or resilience, the nuances portray a more complex and concerning reality. Ultra-rich buyers, typically those with fortunes north of $30 million, continue to assert dominance
The municipal bond market has recently showcased a remarkable resilience, indicating a characteristic strength amidst increasing economic uncertainties. As we end the first half of 2023, we find a variety of contributing factors playing into the current condition of this market sector. The yields of U.S. Treasuries, which serve as a benchmark for many asset
The current efforts by Senate Republicans to address the dire situation facing rural hospitals with a $15 billion relief fund present a mixed bag. On one hand, this initiative seems like an essential acknowledgment of the financial realities plaguing many medical facilities in rural areas; on the other hand, it manifests a troubling pattern of
As the summer months ramp up, the convergence of a hostile climate with increasing electrical demands has triggered an unanticipated surge in the stock of Generac, a company synonymous with backup generators. With the advent of this hurricane season, many Americans find themselves grappling with the dual threats of extreme heat and storms, both of
Recent developments under Robert F. Kennedy Jr.’s leadership at the Advisory Committee on Immunization Practices (ACIP) have opened a divisive debate regarding the approval of Merck’s new respiratory syncytial virus (RSV) vaccine, Enflonsia. The committee’s unanimous recommendation for its inclusion in the routine childhood immunization schedule represents a significant moment not merely for public health
As the Trump administration initiates what can only be described as a reckless dismantling of the Federal Emergency Management Agency (FEMA), homeowners across America must confront an unsettling truth: the safety net designed to catch us when disaster strikes is rapidly fraying. The administration’s plans to phase out key functions of this vital organization, alongside
In a bold move that could redefine the landscape of American financing, the Federal Housing Finance Agency (FHFA) has instructed Fannie Mae and Freddie Mac to factor cryptocurrency into their risk assessments for single-family mortgages. This directive, championed by FHFA Director William J. Pulte, marks a watershed moment in which the previously sidelined but burgeoning