Muni bonds in trouble

States are next on the chopping block with CA leading the way to bankruptcy (except TX and a few others).  Feds will bail them out and loose what credibility they have left.  Not a buy to say the least.  Everyone was looking for tax-free yield with perceived low risk.  They are finding out risk was NOT low and your tax savings is wiped out in one day.

Advertisements
This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s