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APA’s Insights on Current Market ConditionsJune 20, 2013
Municipal Credit UpdateSeptember 04, 2012
Credit research. How has the game changed?May 30, 2012
Beginning with his remarks May 22nd before a Congressional committee and again on June 19 at a press conference following
APA Special Market ReportInterest Rates and Municipal Bonds Headlines declaring the end of the 30 year bull market for bonds coupled with May’s
APA’s Response to Stockton BankruptcyOn June 27, 2012, the City Council of Stockton, California voted 6 -1 to adopt a spending plan for operating
Commentaries
APA December 2012 Commentary
By: admin / December 20th, 2012
If there is one person who has not heard of the “fiscal cliff” and its looming impact on the U.S. Economy and taxpayer, we would be (in an understatement) surprised. The back and forth between the White House and Republican leaders in Congress has been unceasing – and infuriatingly unproductive. With Congress’ approval ratings (disapproval, perhaps?) in the single digits and the Obama Administration “basking” in its re-election victory it should not be surprising that we have come to the edge of this so-called “cliff.”
But with apologies and a nod toward the guys on APA’s compliance team, shouldn’t we be able to expect more from Washington? Does anyone remember when President Reagan and House Speaker Tip O’Neil managed to come together in the early 80s to craft a solution to the economic catastrophe that had the bank prime rate at 20%, or was it 21%?
As we point out in this Commentary, the job losses and tax increases now “looming” could impact nearly every corner of the still struggling U.S. economy. And yet the cacophony in Washington continues. Rearranging the “deck chairs” or “fiddling while Rome burns,” – whatever the fitting description, it would be comical if not exasperating. And by the way, who elected Grover Norquist to anything?
We at APA wish you, your families and friends a Happy, Healthy and Hopeful Holiday season.
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