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Kyle Bass doesn't believe that the bloodletting in the muni market we have seen so far is enough to warrant taking on the increased credit risk that municipal bonds now have. Bass, who is a principal at the hedge fund Hayman Capital…

Hey if y'all can do it, so can we. (Hat tip Ryan Chittum)

By Win Thin Here are some more thoughts regarding a possible Greek debt restructuring, which was reported today by the Greek press. Reports suggest that the EU, IMF, and the ECB have reached a basic understanding that a Greek debt…

by Annaly Capital Management This was a relatively data-filled week for the housing market. We’ll start with the good news. The National Association of Realtors (NAR) reported that existing home sales rose more than expected in December…

There are no absolutely safe sovereigns — ‘rates analysis’ has to be done simultaneously with ‘credit analysis’ for all sovereigns, including the G3. There are likely to be several sovereign debt restructurings in the euro area…

By Edward Harrison American politicians and citizens alike have no clear vision of the costs of a seemingly perpetual trillion-dollar annual deficit. Policy stimulus is focused on maintaining current consumption as opposed to making…

This marks the 4th month in a row of falling home prices, and the first negative year-over-year reading since January of 2010. Freddie Mac released their monthly volume summary for November which contained information on seriously…

Here is a good segment on CNBC that takes another look at the muni issue which Chris Christie and Meredith Whitney raised on 60 Minutes on Sunday.  Benjamin Thompson of Samson Capital says he can't get the numbers Meredith Whitney used…

Tonight I should be on the Lang & O’Leary Exchange, the CBC’s prime-time national business program, at 7PM ET. We are going to be discussing the European sovereign debt crisis for about 5-7 minutes. Canadian readers, tune in. For…

By Kevin Brekke, Editor, Casey Research Prior to the 1930s, it was not legally possible for a U.S. municipality to declare bankruptcy as no legislation existed covering this event. The growing number of insolvent towns during the 1930s…