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Library » A Brief Post-Election Q&A

November 30, 2012 | Market Commentary

Investor attention quickly shifted toward the “fiscal cliff” following the conclusion of this year’s election. Recent market weakness reflects the widespread uncertainty surrounding expiration of a variety of tax cuts and the advent of certain austerity measures at the federal level early in 2013. …

Library » State and Local Fiscal Responsibility: A Double-Edged Sword

December 13, 2010 | Market Commentary

It seems as though not a week goes by without seeing a new story about some state or local government having budgetary problems. Headlines such as “Illinois: Our Very own Greece?” and “Newark Cuts Toilet Paper from City Budget” evoke startling images of the fiscal situation at the state and local …


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