Capitol Fax.com - Your Illinois News Radar » More good fiscal news
SUBSCRIBE to Capitol Fax      Advertise Here      Mobile Version     Exclusive Subscriber Content     Updated Posts    Contact
CapitolFax.com
To subscribe to Capitol Fax, click here.
More good fiscal news

Thursday, Sep 16, 2021

* Midwest Bond Buyer correspondent…



- Posted by Rich Miller        

29 Comments
  1. - Flyin' Elvis'-Utah Chapter - Thursday, Sep 16, 21 @ 9:33 am:

    Seriously, someone do a welfare check on Greg Bishop.


  2. - Oswego Willy - Thursday, Sep 16, 21 @ 9:41 am:

    Illinois bonds are a good investment.

    There’s the phony rhetoric and there’s the monetary reality.

    Good news for the state here “… as the spread to what a top rated borrower pays is at best levels in very very long time.”

    Boy, IPI is having a tough 2021


  3. - Oswego Willy - Thursday, Sep 16, 21 @ 9:43 am:

    IPI: “Illinois only *matching* previous marks, a decline will follow, maybe”

    Wirepoints: “Yeah, sure, now do it a third time, or whatever, we don’t like Illinois”


  4. - Bruce( no not him) - Thursday, Sep 16, 21 @ 9:44 am:

    It sounds like gibberish, but it’s good gibberish.


  5. - Occasional Quipper - Thursday, Sep 16, 21 @ 9:51 am:

    Glad you asked for a translated version (banned punctuation).


  6. - Almost the Weekend - Thursday, Sep 16, 21 @ 9:51 am:

    In times like this Kristen McQueary is happy the market deemed her job irrelevant so she doesn’t have to discuss positive fiscal news regarding the State of Illinois.


  7. - AnonymousFool - Thursday, Sep 16, 21 @ 9:52 am:

    I only understood that this issue is rated AAA, that is good from my limited understanding of finance.


  8. - Nagidam - Thursday, Sep 16, 21 @ 10:15 am:

    When the Bond Houses reflect positively on actions a state has taken to better the bottom line, good things happen. Is the state out of the woods? of course not…pensions will be a large cross to bear for the considerable future. But compared to the Rauner years where the state literally was about to go to junk status the progress has been remarkable.


  9. - MisterJayEm - Thursday, Sep 16, 21 @ 10:19 am:

    “Illinois bonds are a good investment.”

    And the truth is, they always have been.

    – MrJM


  10. - Oswego Willy - Thursday, Sep 16, 21 @ 10:21 am:

    ===And the truth is, they always have been.===

    It’s a racket predicated on ignoring the law and constitution to give an impression not congruent to the actual.

    - Wordslinger - had it right, per usual.


  11. - Jocko - Thursday, Sep 16, 21 @ 10:28 am:

    I’d be curious what’s the longest time interval before Bill ILL bonds sold out. Five minutes?


  12. - Former Bartender - Thursday, Sep 16, 21 @ 10:38 am:

    Jocko,

    Muni bonds sales don’t work that way. This was the type of sale known as a negotiated sale so there would be an order period for hour or 2, then a repricing of the bonds based on demand received.


  13. - Lucky Pierre - Thursday, Sep 16, 21 @ 11:07 am:

    Progress has been remarkable? Amazing what Federal dollars can do to paper over structural deficits

    Illinois still owes 4.2 billion to the unemployment insurance fund. An issue that has been unaddressed by the Governor and the supermajority legislatures


  14. - sal-says - Thursday, Sep 16, 21 @ 11:08 am:

    == translate ==

    😊😀😝

    Reading the 1st text read like bad news. 2nd totally diff.


  15. - BTO2 - Thursday, Sep 16, 21 @ 11:23 am:

    After years of hearing how terrible Illinois was for bonds, business etc. So nice to hear yet another positive story. Whether you like the current leadership or not, hard to argue with results.


  16. - thisjustinagain - Thursday, Sep 16, 21 @ 11:25 am:

    Rich: “I’m proud my readers were here today to read her posting. Not only was it a display of authentic finance frontier gibberish….”


  17. - Oswego Willy - Thursday, Sep 16, 21 @ 11:29 am:

    ===Whether you like the current leadership or not===

    Bond ratings that ignores the law, and specifically the constitution, it makes no difference the “leadership”.

    It’s great news, but what exactly makes bad news happen if one looks at the constitution?


  18. - DuPage - Thursday, Sep 16, 21 @ 11:54 am:

    Is there a way for the state to borrow at the low rate and use that money to pay off some of the higher interest debt? If they could, that should make the state’s future financial outlook even better.


  19. - Tommydanger - Thursday, Sep 16, 21 @ 11:55 am:

    I remember the days when positive financial news would be responded to by the former governor as ‘we still stink and Illinois is not a good place to do business’. And that was after he forgot Rivian even existed.
    The Governor is the salesperson for the state and should extol the virtues of Illinois at every opportunity even while acknowledging through legislative and policy initiatives that there is still plenty of room to improve.
    Gone are the days when our governor would tolerate if not condone governors from other states publicly trying to poach businesses and residents from Illinois. Now we’re telling Texans to come to Illinois where women have the right to make the most personal decision she will ever make.
    Illinois, like Weebles, may wobble, but we won’t fall down.


  20. - Sling - Thursday, Sep 16, 21 @ 12:25 pm:

    == Progress has been remarkable? Amazing what Federal dollars can do to paper over structural deficits.==
    If you’re referring to American Rescue Plan money, that can only be used for covid related expenses.


  21. - Juvenal - Thursday, Sep 16, 21 @ 12:28 pm:

    === The Governor is the salesperson for the state and should extol the virtues of Illinois at every opportunity. ===

    Not just the Governor, but also and particularly the Illinois Chamber of Commerce and their CEO, Todd Maisch.

    Todd Maisch badmouths Illinois’ business climate at every opportunity, but he’s mute when there is good news about the business climate in Illinois.

    That’s not only encouraging his own members to leave the state - putting his organization in a weaker position - it means those businesses remaining in Illinois have fewer B2B customers to generate income. It might help him gin up PAC donations in the short term, but in the long term it is a losing strategy.

    Also, if I were the CEO of a health care system reading Maisch’s anti-mask, anti-vaccine positions, I’d ask for my membership dues back. If Maisch wants to work for DeVore, let DeVore pay his salary, right now Maisch is putting health care workers in particular at risk.


  22. - Oswego Willy - Thursday, Sep 16, 21 @ 12:30 pm:

    ===Amazing what Federal dollars can do to paper over structural deficits===

    If you were gone 3 tries, you couldn’t articulate where the federal dollars went, or why they were important AND that Illinois must pay the monies back.

    Your feeble attempt to sound thoughtful to policy never gets past your dishonesty in looking at it.


  23. - Oswego Willy - Thursday, Sep 16, 21 @ 12:32 pm:

    Todd Maisch is the cheerleader of anything that can drag Illinois into a negative light.

    Maisch leads the Chamber of Discontent.


  24. - Lucky Pierre - Thursday, Sep 16, 21 @ 12:59 pm:

    If I was gone 3 tries???

    Really, did you miss Illinois trying to use the Federal Money to pay back the money to the unemployment insurance fund.

    Smoke and mirrors budgeting continues no matter how much you try to ignore


  25. - Rich Miller - Thursday, Sep 16, 21 @ 1:09 pm:

    ===trying to use the Federal Money to pay back the money to the unemployment insurance fund===

    So, the massive unemployment last year had nothing to do with the pandemic?

    You might need a nap.


  26. - ChrisB - Thursday, Sep 16, 21 @ 1:14 pm:

    Still miss wordslinger on posts like these.


  27. - Nagidam - Thursday, Sep 16, 21 @ 3:09 pm:

    I think the State will use a good portion of the Fed Money for the unemployment fund deficit. No need to pay it back until the interest starts. Plus they are probably hoping the Feds change their tune on paying it back.


  28. - Old Lobster - Thursday, Sep 16, 21 @ 4:27 pm:

    Thre can never be good fiscal news as long as our government officials ignore the pension debt AND the fact that retiree and employee health insurance contributions must increase.


  29. - Da Big Bad Wolf - Thursday, Sep 16, 21 @ 5:04 pm:

    == There can never be good fiscal news as long as our government officials ignore the pension debt==
    How are government official ignoring then pension debt?


TrackBack URI

Sorry, comments for this post are now closed.


* SUBSCRIBERS ONLY - Remap update
* Reader comments closed for the Thanksgiving break
* How federal money can be used to indirectly repay the remainder of the state's Federal Reserve loan
* 21,034 new confirmed and probable cases; 87 additional deaths; 1,982 hospitalized; 384 in ICU; 150 on ventilators
* A special Thanksgiving message
* IDES describes huge obstacles to explain its late report
* Unclear on the concept
* D'Amico, trade unions put Kelly over the top
* Open thread
* *** LIVE COVERAGE ***
* Yesterday's stories

Support CapitolFax.com
Visit our advertisers...

...............

...............

...............

...............

...............

...............


Loading


Main Menu
Home
Illinois
YouTube
Pundit rankings
Obama
Subscriber Content
Durbin
Burris
Blagojevich Trial
Advertising
Updated Posts
Polls

Archives
November 2021
October 2021
September 2021
August 2021
July 2021
June 2021
May 2021
April 2021
March 2021
February 2021
January 2021
December 2020
November 2020
October 2020
September 2020
August 2020
July 2020
June 2020
May 2020
April 2020
March 2020
February 2020
January 2020
December 2019
November 2019
October 2019
September 2019
August 2019
July 2019
June 2019
May 2019
April 2019
March 2019
February 2019
January 2019
December 2018
November 2018
October 2018
September 2018
August 2018
July 2018
June 2018
May 2018
April 2018
March 2018
February 2018
January 2018
December 2017
November 2017
October 2017
September 2017
August 2017
July 2017
June 2017
May 2017
April 2017
March 2017
February 2017
January 2017
December 2016
November 2016
October 2016
September 2016
August 2016
July 2016
June 2016
May 2016
April 2016
March 2016
February 2016
January 2016
December 2015
November 2015
October 2015
September 2015
August 2015
July 2015
June 2015
May 2015
April 2015
March 2015
February 2015
January 2015
December 2014
November 2014
October 2014
September 2014
August 2014
July 2014
June 2014
May 2014
April 2014
March 2014
February 2014
January 2014
December 2013
November 2013
October 2013
September 2013
August 2013
July 2013
June 2013
May 2013
April 2013
March 2013
February 2013
January 2013
December 2012
November 2012
October 2012
September 2012
August 2012
July 2012
June 2012
May 2012
April 2012
March 2012
February 2012
January 2012
December 2011
November 2011
October 2011
September 2011
August 2011
July 2011
June 2011
May 2011
April 2011
March 2011
February 2011
January 2011
December 2010
November 2010
October 2010
September 2010
August 2010
July 2010
June 2010
May 2010
April 2010
March 2010
February 2010
January 2010
December 2009
November 2009
October 2009
September 2009
August 2009
July 2009
June 2009
May 2009
April 2009
March 2009
February 2009
January 2009
December 2008
November 2008
October 2008
September 2008
August 2008
July 2008
June 2008
May 2008
April 2008
March 2008
February 2008
January 2008
December 2007
November 2007
October 2007
September 2007
August 2007
July 2007
June 2007
May 2007
April 2007
March 2007
February 2007
January 2007
December 2006
November 2006
October 2006
September 2006
August 2006
July 2006
June 2006
May 2006
April 2006
March 2006
February 2006
January 2006
December 2005
April 2005
March 2005
February 2005
January 2005
December 2004
November 2004
October 2004

Blog*Spot Archives
November 2005
October 2005
September 2005
August 2005
July 2005
June 2005
May 2005

Syndication

RSS Feed 2.0
Comments RSS 2.0




Hosted by MCS SUBSCRIBE to Capitol Fax Advertise Here Mobile Version Contact Rich Miller