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The ongoing struggle between the American Securities Association (ASA) and the Securities and Exchange Commission (SEC) highlights critical questions about the structure of regulatory bodies in the United States. The ASA argues that the composition of the Municipal Securities Rulemaking Board (MSRB) is unconstitutional, thus dragging the legitimacy of the SEC’s rules into an uncertain
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The recent announcement by North Carolina State Treasurer Brad Briner regarding Jeff Poley’s ascent to the role of interim director for the State and Local Government Finance Division can be interpreted as both a pragmatic move and an opportunity for something truly transformative. In an era where local governments desperately require sound fiscal management, appointing
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The municipal bond market, often seen as a safe haven for conservative investors, is witnessing alarming shifts that may require re-evaluation of its attractiveness. As U.S. Treasury yields escalate, the resilience of municipal bonds is being put to the test. Recent figures illustrate a stark reality: the two-year municipal to U.S. Treasury (UST) ratio stands
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Recent changes in consumer sentiment, particularly among high-income earners, have raised alarms about Home Depot’s potential for growth. A report from Piper Sandler highlighted a staggering drop in confidence among the wealthiest households, which has historically indicated declines in big-ticket expenditures, particularly in home improvement projects. This isn’t merely statistical noise; it represents a fundamental
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