Thursday, February 09, 2012

 
 
 

 
 
 
 
 
The bear case for municipal bonds
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Tuesday, December 08, 2009
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From Mish's Global Economic Trend Analysis:

... It is not just New Jersey going nuts, California clearly did as well, and cities like New York are in deep trouble.

The city of Vallejo, California fired a huge warning shot by declaring bankruptcy. However, that warning shot has largely been ignored.

Given there is no realistic way for this debt to be paid back, municipal bonds are in a bubble...

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Topics: Muni bonds | Cruxallaneous
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