Jim Rogers was warning about civil unrest in the US due to collapsing social safety nets as early as 2008.
Now it's here.
Can you see this spreading to other financially strapped states with massive public payrolls and entitlement liabilities?
What's the best way to short munis/state debt? Or has that ship already sailed?
Chances that the Fed will intervene to buy up bad local debt?
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What makes you think muni's will fail? Seems to me as if union/public employees will take the hit, and States will pay their creditors back.
No Muni will fail on a large scale because the Federal govt won't allow it
Agree libor but as soon as a state trys to pass this and failed bonds will nose dive At least short term
Might prove to be a good buying opportunity.
yea buying to cover your short position -_-
Hpm it is finished I have survived the torment known as CHURCH
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