With Mamdani's Mayorship Already a Dumpster Fire, NYC Faces Another Crisis He Clearly Doesn't Get
With Mamdani's Mayorship Already a Dumpster Fire, NYC Faces Another Crisis He Clearly Doesn't Get By Mike Miller | 12:30 PM on July 24, 2026 The opinions expressed by contributors are their own and do not necessarily represent the views of RedState.com. The capital flight presently picking up steam in NYC not only negatively impacts the city's tax revenue; it's also beginning to put downward pressure on the city's municipal bonds. Let's first look at a brief explanation of how bonds (both corporate and municipal) work.Municipal bond prices and yields have an inverse relationship (move in opposite directions) because the bond's interest payment (coupon) is fixed.
- ▪With Mamdani's Mayorship Already a Dumpster Fire, NYC Faces Another Crisis He Clearly Doesn't Get By Mike Miller | 12:30 PM on July 24, 2026 The opinions expressed by contributors are their own and do not necessarily represent the views of
- ▪The capital flight presently picking up steam in NYC not only negatively impacts the city's tax revenue; it's also beginning to put downward pressure on the city's municipal bonds.
- ▪Let's first look at a brief explanation of how bonds (both corporate and municipal) work.Municipal bond prices and yields have an inverse relationship (move in opposite directions) because the bond's interest payment (coupon) is fixed.
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With Mamdani's Mayorship Already a Dumpster Fire, NYC Faces Another Crisis He Clearly Doesn't Get By Mike Miller | 12:30 PM on July 24, 2026 The opinions expressed by contributors are their own and do not necessarily represent the views of RedState.com. AP Photo/Andres Kudacki New York City's Democratic Socialist (Communist, Marxist) mayor has been in office for a mere 204 days, as of the date of this article.Moreover, the man-child who would be chairman, or perhaps general secretary, is not only doing his damnedest to force-feed New Yorkers a communist nightmare, but the (rotting) Apple is on the verge of another crisis that Mamdani clearly doesn't understand.
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