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"…the path that we’re basing these numbers on is one that assumes, first of all, as you anticipated, assumes an increase in the funds rate first occurring some time after unemployment goes below 6½ percent, but does not necessarily assume a rapid increase after that. And I—what we said in our statement is that we would take a balanced approach. In other words, you know, once we get to that point, we may or may not raise rates at that point. We’ll look at the situation. But assuming that inflation remains well controlled, which I fully anticipate, I think that the rate of increase in rates would be moderate."

— Chairman Bernanke, in response to Jon Hilsenrath. Page 13-14. FOMC Press Conference Transcript, December 12, 2012

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Municipal CEF market snap-shot. sample = 93 largest funds.

Municipal CEF market snap-shot. sample = 93 largest funds.

Tags: cef
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this is what a company dying looks like

this is what a company dying looks like

Photoset

this one dedicated to @TFMkts

Tags: cef
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Municipal (BAB and tax-exempt) bond fund discount snapshot

Municipal (BAB and tax-exempt) bond fund discount snapshot

Tags: cef
Photoset

Some non-GP MLP factoids as charts. Universe list via @MLPGuy, data via Bloomberg, charts via R

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Apple online radio

There’s been no details yet, but my dream would be a spotify-like radio service that tied into iTunes Match and throttled the number and frequency of ads based on how much of the music you listened to that you didn’t already own and allowed you to save playlists/stations as well as listening history so as to tie-in to iTunes cross-selling, allowing for a comparable listening experience to spotify but with less ads and ecosystem integration

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Green represents basis to model. Negative basis = cheaper, positive basis = richer.

Green represents basis to model. Negative basis = cheaper, positive basis = richer.

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Muni CEF discount snapshot 2012-10-10

Muni CEF discount snapshot 2012-10-10

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Sample of 57 largest high yield corporate bond, and senior loan closed-end funds. nom nom nom nom

Sample of 57 largest high yield corporate bond, and senior loan closed-end funds. nom nom nom nom