Vladimir Senkov

Why It's Time for Muni Bonds

Dear Graham,
Let me get this straight. You actually point out that there are USD negatives to think about and from that you conclude that you need to be buying USD denominated munis? As alternative to treasuries???
Let me give you an analogy.
Suppose I had some cash. Some $100 bills. I heard that USD might go down so i started looking for alternatives and bought . . . treasuries!
Does that make sense? HELL NO!
There is a reason treasuries are trading higher than munis at the moment. And you need to understand this reason before investing into them and/or suggesting it to other people.
I'm not saying munis are good or bad a purchase right now, that would depends on your objective.
Your article has been one of those "you can't be serious" moments for me tonight :)