Municipal Bonds
Here We Go: Another Municipal Bankruptcy
Yep. We know what you will hear on the popular news channels—this is only #4 for the year. Oh that’s not that bad. Its certainly not the 100s Meredith Whitney or the popular market site, StockMarketShorts.com—but, as they say, it’s early. So, what does this mean? I think its pretty clear—tax revenues and accessible lag the economic cycle. … Continue reading
Not So Fast: Meredith Whitney may yet be right
Meredith Whitney shocked the world a little over a year ago on CBS’s 60 minutes with her prediction that municipal bonds would default at record levels. Municipal Bonds are thought of a very safe investment due to the fact most issuers have “taxing powers” that allows the issuer to raise money even in poor economic times. … Continue reading
Categories: Business, FavoriteSun, FavoriteSun.com, Municipal Bankruptcy, Municipal Bonds
Tags: bankruptcy, city, default, economic, investments, municipal bonds, state, Stockmarketshorts.com
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