Big Muni Spreads Don’t Mean Big Defaults
Dr. Philip Fischer provides a novel approach to muni bond spread analysis and concludes that widening spreads do not necessarily imply increased expected default rates.
A Quick Take on State Finances - Waiting for Godot
Dr. Philip Fischer gives a quick take on where we are headed in state and local finances. No matter how you cut it, it’s a long slog for the states.
Expert Testimony to House Ways and Means Committee Hearing on Infrastructure
Dr. Philip Fischer was one of the expert witnesses providing testimony at the House Ways and Means Committee Hearing, “Paving the Way for Funding and Financing Infrastructure Investments,” which occurred on Wednesday, January 29, 2020
Symmetry 2020 and its Risks: Perspectives on the Year Ahead
Welcome to Symmetry in 2020 and its Risks, a special audio presentation from eBooleant Consulting. Dr. Philip Fischer, former head of fixed income and municipal bond strategy for Bank of America, looks beyond the Middle East and finds 2020 to be challenging and uncertain.
Bond Market Lessons from Borneo
Dr. Philip Fischer pays an intimate visit to the markets of the Borneo jungle. In this piece, I summarize the experience of the primitive and link by analogy to our own market concepts. The article relates a trip, its geography, and its juxtaposition with our culture.
