Western Asset's Amodeo Says Muni Fundamentals Best in Over a Decade

The video discusses the implications of a Supreme Court ruling allowing gambling, focusing on New Jersey's potential tax revenue benefits. It explores the economic impact of sports betting, highlighting the competition among states and the minor role of gambling tax revenue in state budgets. The conversation shifts to municipal bonds, emphasizing the strong fundamentals of the market and the preference for revenue bonds over general obligation debt, with examples from Puerto Rico and the Virgin Islands.

What is Robert Amadeo's opinion on the competition in the gambling marketplace?

What strategy does Robert Amadeo suggest regarding municipal bonds?