---
title: (Un)Calculated Risk | by Peter Orr of Intuitive Analytics | swaps | Intuitive Analytics
description: swaps | by Peter Orr of Intuitive Analytics
---

# (Un)Calculated Risk | by Peter Orr of Intuitive Analytics

## [New Headline: Muni Issuers Make Outstanding Speculators](https://www.intuitive-analytics.com/blog/new-headline-muni-issuers-make-outstanding-speculators)

 Posted by Peter Orr on Apr 18, 2015

[![](https://www.intuitive-analytics.com/hubfs/calculated_risk_pic.png) ](https://www.intuitive-analytics.com/blog/new-headline-muni-issuers-make-outstanding-speculators)

> The path is smooth that leadeth on to danger.
> 
> – William Shakespeare

[Read More](https://www.intuitive-analytics.com/blog/new-headline-muni-issuers-make-outstanding-speculators)

 Topics: [Financial Decisions](https://www.intuitive-analytics.com/blog/topic/financial-decisions), [decision support](https://www.intuitive-analytics.com/blog/topic/decision-support), [swaps](https://www.intuitive-analytics.com/blog/topic/swaps), [municipal swaps](https://www.intuitive-analytics.com/blog/topic/municipal-swaps), [variable rate bonds](https://www.intuitive-analytics.com/blog/topic/variable-rate-bonds)

## [NYT and the 0.14% that Swallowed Your Town, pt 2](https://www.intuitive-analytics.com/blog/bid/23481/NYT-and-the-0-14-that-Swallowed-Your-Town-pt-2)

 Posted by Peter Orr on May 18, 2010

Last week I [embarked down a path](https://www.intuitive-analytics.com/blog/bid/18228/NYT-and-Press-Get-Your-Facts-Straight-About-Municipal-Swaps) of trying to get the NYT to correct their errors in an article ostensibly on municipal swaps. This is the second round exchange (of three) with the NYT editors justifying their mistakes in the article, [The Swaps That Swallowed Your Town](http://www.nytimes.com/2010/03/07/business/07gret.html).  My response was simple, though I was forced to use a three number example.

[Read More](https://www.intuitive-analytics.com/blog/bid/23481/NYT-and-the-0-14-that-Swallowed-Your-Town-pt-2)

 Topics: [SIFMA](https://www.intuitive-analytics.com/blog/topic/sifma), [public finance](https://www.intuitive-analytics.com/blog/topic/public-finance), [swaps](https://www.intuitive-analytics.com/blog/topic/swaps), [tax-exempt financing](https://www.intuitive-analytics.com/blog/topic/tax-exempt-financing), [municipal swaps](https://www.intuitive-analytics.com/blog/topic/municipal-swaps)

## [My beef with the NYTimes and Morgenson on Municipal Swaps, pt1](https://www.intuitive-analytics.com/blog/bid/23032/My-beef-with-the-NYTimes-and-Morgenson-on-Municipal-Swaps-pt1)

 Posted by Peter Orr on May 08, 2010

One of the (few) benefits of leaving a perfectly functional Street job is that I'm now free to have a free dialogue with the free press using my now free(er) speech.  To that end, I decided to engage the NYT a few weeks back regarding Gretchen Morgenson's[The Swaps That Swallowed Your Town](http://www.nytimes.com/2010/03/07/business/07gret.html) article.  This is the first of 3 posts recounting the transcript as surprisingly, they did engage.   

[Read More](https://www.intuitive-analytics.com/blog/bid/23032/My-beef-with-the-NYTimes-and-Morgenson-on-Municipal-Swaps-pt1)

 Topics: [swaps](https://www.intuitive-analytics.com/blog/topic/swaps), [libor](https://www.intuitive-analytics.com/blog/topic/libor), [municipal swaps](https://www.intuitive-analytics.com/blog/topic/municipal-swaps), [hedging](https://www.intuitive-analytics.com/blog/topic/hedging)

## [NYT and Press: Get Your Facts Straight About Municipal Swaps](https://www.intuitive-analytics.com/blog/bid/18228/NYT-and-Press-Get-Your-Facts-Straight-About-Municipal-Swaps)

 Posted by Peter Orr on Mar 10, 2010

"Knit Cap Creates Huge Hangover" is Not a Good Headline  

[Read More](https://www.intuitive-analytics.com/blog/bid/18228/NYT-and-Press-Get-Your-Facts-Straight-About-Municipal-Swaps)

 Topics: [Wall Street](https://www.intuitive-analytics.com/blog/topic/wall-street), [SIFMA](https://www.intuitive-analytics.com/blog/topic/sifma), [public finance](https://www.intuitive-analytics.com/blog/topic/public-finance), [swaps](https://www.intuitive-analytics.com/blog/topic/swaps), [municipal swaps](https://www.intuitive-analytics.com/blog/topic/municipal-swaps), [press](https://www.intuitive-analytics.com/blog/topic/press)

## [Are munis over-hedged with swaps? Pt3](https://www.intuitive-analytics.com/blog/bid/13642/Are-munis-over-hedged-with-swaps-Pt3)

 Posted by Peter Orr on Oct 25, 2009

[![](https://www.intuitive-analytics.com/hs-fs/file-15737649-png/images/annual_cashflow_benefit_from_58_percent_libor_plus_52bps_vs_68_percent_libor_swap.png) ](https://www.intuitive-analytics.com/blog/bid/13642/Are-munis-over-hedged-with-swaps-Pt3)

"It is better to understand a little, than to misunderstand a lot."

[Read More](https://www.intuitive-analytics.com/blog/bid/13642/Are-munis-over-hedged-with-swaps-Pt3)

 Topics: [SIFMA](https://www.intuitive-analytics.com/blog/topic/sifma), [swaps](https://www.intuitive-analytics.com/blog/topic/swaps), [libor](https://www.intuitive-analytics.com/blog/topic/libor), [muni](https://www.intuitive-analytics.com/blog/topic/muni), [hedging](https://www.intuitive-analytics.com/blog/topic/hedging)

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