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Last 20 Shows Towne of DerivActiv Explains GASB 53 and How it Applies to Governmental Entities Jim Towne, Senior Vice President of DerivActiv covers the nuts and bolts of GASB 53, including which governmental entities will need to comply, the four methods used for hedge effectiveness testing, and new disclosure requirements.
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Tom Doe of MMA Says December Muni Market Performance “Ended on a Whimper”Tom Doe Founder and CEO of MMA and Matt Fabian Managing Director and Lead Analyst of MMA discuss municipal market performance in December, the outlook for Build America Bond reauthorization, and supply and demand expectations for 2010. Listen | Listen in your iPhone | Download | View full cache | Visit Website
TJ Marta Says “It’s Going to Be Cataclysmic If We Do Not Get Our Fiscal House in Order” TJ Marta, Market Strategist and Founder of Marta on the Markets talks about four fundamental concerns for the US economy, the pros the cons of extending the Stimulus Package, and the continuing bleak outlook globally.Listen | Listen in your iPhone | Download | View full cache | Visit Website
Doe of MMA Says “We Came Into the Month with the Municipal Market Clearly Showing Value”Tom Doe Founder and CEO of Municipal Market Advisors, discusses November’s positive momentum and high volume of municipal issuance. Also; negative headlines made it tough for the high yield sector.Listen | Listen in your iPhone | Download | View full cache | Visit Website
Fabian of MMA Says “For Governmental Issuers to Default, They Would Have to Choose to Do So”Matt Fabian, Managing Director of Municipal Market Advisors, discusses the reasons he doesn’t believe there is a “looming collapse of the municipal market.” Also; recent earnings statements show that bond insurers are still in trouble.Listen | Listen in your iPhone | Download | View full cache | Visit Website
Philip Trieck of Thermopolis Partners Says “The US Dollar has Turned into a Funding Currency for Carry Trades”Philip Treick, Founder and Managing Partner of Thermopolis Partners and Portfolio Manager of The Fortuno Capital Fund, discusses his take on China’s role in precipitating the 2008 global economic crisis, the gigantic carry trade at the root of it, and how it became an opportunity for China to buy commodities on the cheap.Listen | Listen in your iPhone | Download | View full cache | Visit Website
Tom Doe of MMA Says “Illiquidity is Still a Major Issue in the Municipal Market”Tom Doe Founder and CEO of Municipal Market Advisors talks about the mid-October market correction, underfunded pension obligations of states, and the SEC’s push for better financial disclosure by municipal issuers. Listen | Listen in your iPhone | Download | View full cache | Visit Website
Fabian of MMA Says “Demand Has Stabilized and Prices Have Stabilized” in the Muni MarketMatt Fabian, Managing Director of Municipal Market Advisors, discusses market tone and potential legislative changes including ratings reform and a more balanced MSRB.Listen | Listen in your iPhone | Download | View full cache | Visit Website
Fabian of MMA Says “California and its Issuers Have Accounted for 27%” of All BAB Issuance”Matt Fabian, Managing Director of Municipal Market Advisors, discusses the correction in the municipal market, the worsening credit situation for state and local governments, and the high concentration of Build America Bond issuance by the State of California.Listen | Listen in your iPhone | Download | View full cache | Visit Website
Stan Feldman of Axiom Valuation Discusses Five Myths about the Fair Value of Alternative InvestmentsDr. Stanley Feldman, Chairman of Axiom Valuation Solutions, talks about several myths that have developed around the application of the fair value standard, or FAS 157, to alternative investments.Listen | Listen in your iPhone | Download | View full cache | Visit Website
Doe of MMA Says There’s “This Incredible Demand Component” in the Municipal Market Tom Doe Founder and CEO of Municipal Market Advisors, discusses the continuing strong performance of municipals in September. Also, municipal ETFs are growing and ratings reform has resurfaced.Listen | Listen in your iPhone | Download | View full cache | Visit Website
Rupley of Miller Canfield Says “The IRS has the Capability and Inclination to Use EMMA” to Track BAB Trading Jerry Rupley, a Principal with Miller Canfield discusses the use of EMMA to track the trading of Build America Bonds and possible emerging trends that could negatively impact BAB issuers.Listen | Listen in your iPhone | Download | View full cache | Visit Website
Stan Feldman of Axiom Says “What has Changed is the Level of Due Diligence that Fiduciaries Have to Do”Dr. Stanley Feldman, Chairman of Axiom Valuation Solutions, talks about how the Madoff scandal and implementation of FAS 157 have increased the level of responsibility for a fiduciary, particularly in relation to valuing alternative investments.Listen | Listen in your iPhone | Download | View full cache | Visit Website
Fabian of MMA Says “Most People Want More Yield than is Available in the Market Right Now”Matt Fabian, Managing Director of Municipal Market Advisors, discusses why muni funds represent seven of the top ten performers in the quarter. Also; BABs are contributing to a scarcity situation in the traditional tax-exempt market.Listen | Listen in your iPhone | Download | View full cache | Visit Website
Kim Edwards of Fidelity Capital Markets Says EMMA is “Pretty User Friendly”Kim Edwards, Vice President of Municipal Finance at Fidelity Capital Markets, discusses the evolution of disclosure in the municipal bond market, including the MSRB’s recent introduction of the EMMA system.Listen | Listen in your iPhone | Download | View full cache | Visit Website
Guy LeBas of Janney Montgomery Says “We’re Not Too Excited About the Path of Consumer Spending”Guy LeBas, Chief Economist and Fixed Income Strategist at Janney Montgomery Scott, discusses economic lessons that can be learned by looking back at the past 12 months of the financial crisis.Listen | Listen in your iPhone | Download | View full cache | Visit Website
Fabian of MMA Says Since the Lehman Crisis, “Households have Consumed 91% of the Net New Municipal Bonds”Matt Fabian, Managing Director of Municipal Market Advisors, discusses the surge in supply and strong performance in the muni market. Also; the strong retail market is a direct consequence of the Lehman collapse.Listen | Listen in your iPhone | Download | View full cache | Visit Website
Fabian of MMA Says “There’s a Good Feeling About Fixed Income”Matt Fabian, Managing Director of Municipal Market Advisors, discusses the tremendous demand in the muni market from mutual funds, new buyers of Build America Bonds, and individual investors. Also; high yield funds offer “tremendous returns.”Listen | Listen in your iPhone | Download | View full cache | Visit Website
Doe of MMA Says There is Still “A Pretty Compelling Argument for Build America Bonds”Tom Doe Founder and CEO of Municipal Market Advisors, says the municipal market had its best August performance in five years. Also, the industry is in a pretty healthy position heading into the end of the year.Listen | Listen in your iPhone | Download | View full cache | Visit Website
Fabian of MMA Says “People are Becoming More Adventurous for Municipal Risk”Matt Fabian Managing Director of Municipal Market Advisors discusses the relative lack of volatility in the municipal market this summer. Also; the BAB market thrives while short-term debt markets continue to decline.Listen | Listen in your iPhone | Download | View full cache | Visit Website
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