Capital flight can accelerate rapidly in New York City, Charles Gasparino warns

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6 hours ago

Capital flight can accelerate rapidly in New York City, Charles Gasparino warns — NYC municipal bond market sees volatility

Charles Gasparino, senior correspondent at Fox Business, draws a parallel between the history of capital flight in New York City and bankruptcy events, noting that both tend to unfold gradually before accelerating suddenly.

He highlights growing nervousness in New York City's municipal bond market as prices become increasingly unstable.

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Gasparino has also weighed in on other market disruptions in recent months. He reported that Michael Saylor is under his bitcoin break-even and detailed obstacles in the Comcast-Charter deal. Earlier, he warned that the crypto winter for BTC is far from over, citing pressures on the bitcoin-focused firm Strategy.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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