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You are welcome to share this link: leimbergservices.com/rss/Keebler-WM… A section-by-section summary of the bill can be found at tinyurl.com/y88cumhf

The last apple goodie. IYKYK

The #StretchForYield & PE's search for #ExitLiquidity are relentless. Here is a snippet from an RIA's wholesaler spam folder: structured products/levered income plays/retail private REITs-PE-PC. Leverage belongs in the toolbox. Its overuse destroys its utility. Beware of fads.

If only Evelyn Waugh were here to visit Venice this midsummer. Where are Anthony Blanche and Aimee Thanatogenous? Brideshead meets the Loved One.

The photo doesn’t do justice for the size of the wake in Lake Fernan, But it extended for at least a quarter mile. Must’ve been a water scooper. Smoke is still billowing as of 8:05 PM Pacific time. Smoke seems to be a little less than before.

Parade for the fallen Firefighters in motorcade procession to the funeral home assembling along Sherman Ave., Coeur d’Alene ID

👀 $MUNIPSA at cycle lows! 👀 #VRDO muni leverage is cheaper than all dates since 9/14/2022. Many closed-end funds paying aggressive dividends have been issuing return of capital (ROC) for over a year. Now they may begin to find some support for their distributions.

Off to a great start! IYKYK

The useful fruits of wholesome recreation. One chord: cut, split, stacked, now drying…

Inaugural edition of The Allocator’s Acolyte. When data drives narratives, then inflation has had a lot to tell… linkedin.com/posts/johnkamp…

Muni CEFs: first post in 6 months Observations - NAVs down 9-10% - Return of Capital up - Dividends stable, coverage very weak-but ticking up - Discounts narrowing Thoughts - Yield lust is muting share price drops, but - Significant dividend cuts may catalyze sell offs

Wherever the body is, there the eagles will be gathered together.

Why are Wall Street firms offering a last a chew of the PE/PC stick of gum right now? Is it the promise of the mass affluent supplying exit liquidity for legacy holders? RIAs targeted again this week with CE. Maybe the fiducies' "no golfball pledge" should include "no CE".

America the Beautiful

I think Mr. Muni will not be surprised if there are rate cut(s) in September. #MUNIPSA | #VRDO