Browsing Tag

local government

Are munis the next shoe to drop?

Rick Bookstaber certainly thinks so. He recently wrote a piece which defines the pressure points for market risk and found the municipal bond market to be a problem in need of a solution.  Rick writes: I don’t think we will see a…

Fiscal Follies

David Rosenberg takes on the sovereign debt issue in his latest commentary, highlighting the structural deficits in the U.S. and the U.K. They are actually higher than in Spain or Greece. Greece here, Portugal there. Did you know that…

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