#municipal

No sane local official who has hung up an empty stocking over the municipal fireplace, is going to shoot Santa Claus just before a hard Christmas. ↗

— Alfred E. Smith

---

#christmas #claus #empty #fireplace #going

Municipal debt outstanding doubled in the past 10 years. And in the past 30 years, the U.S. has been in real economic nirvana. ↗

— Meredith Whitney

---

#debt #doubled #economic #in the past #municipal

There are great municipal investments out there, but on a blanket basis you have to be really careful about knowing what cash flows are supporting your investments. ↗

— Meredith Whitney

---

#basis #blanket #careful #cash #flows