News, insights and thought leadership from the City Different team.
I’ve been feeling uneasy about financial markets lately… not because I think we’re headed for a carbon copy of 2008, but because a few old patterns are starting to bubble back up. Not in the same...
There’s a line from the movie The Last Boy Scout that’s always stuck with me: "Water's wet, the sky is blue..." (gunna add my own spin on it here) ... and market risks, Jimmy, they’re out there and...
Connor and I both majored in economics. We spent four years steeped in macro theory, poring over models of trade, labor, and monetary policy. Since then, we’ve found… let’s say, limited use for most...
Last week, the Fed announced that it would not raise the Fed Funds rate in September. By our way of thinking, though, they left the door open for future increases (data dependent). This left us...
WEEK ENDING 9/22/2023 Fed reinforces “higher for longer.” Out with the new normal, in with the old. The House is burning.
We have long written about the two periods when the municipal bond market organically generates the most cash flow into the market — the January / February period and the June / July period. These...
WEEK ENDING 9/15/2023 A Fed meeting this Wednesday, but all eyes are on 2024. Brent crude prices could make for a scary Halloween. Is the US economy on a path to a soft landing?
WEEK ENDING 9/8/2023 Today is the 22nd anniversary of the Sept. 11 terrorist attacks; here are a few things we are thinking about today: This was the deadliest attack on U.S. soil in our nation’s...
