Seinfeld’s muni-bond shoppers: NYC is not ‘dead forever’ – Crain’s New York Business
“I have to explain to clients that the city is not on the verge of bankruptcy,” said Howard Cure, who has analyzed municipal bonds for over 30 years and is responsible for municipal research at Evercore Wealth Management. “It’s not the 1970s.”
That’s not to say New York, the epicenter of the coronavirus pandemic in March, doesn’t have serious issues.
Unemployment has risen to 20%. The city’s $…
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