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?
| +40 | SpaceX IPO - what are your thoughts | 9 | 5m |
| +28 | Should I use Claude or chatgpt? | 15 | 6h |
| +21 | Funny Things to Say to Interns | 7 | 9h |
| +17 | How did you meet your significant other/partner? | 13 | 22h |
| +17 | London's future as a financial centre | 18 | 1d |
| The Great Debate | 9 | 10h | |
| +7 | E ink/electronic notepads | 4 | 23h |
| +6 | Stay Sharp All Day With Best Modvigil 200 MG Tablet | 0 | 19h |
| +6 | Test post will be deleted automatically. | 11 | 1d |
| +5 | get a model before you model | 3 | 2d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
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
Mollitia asperiores velit aspernatur quia aut fuga eligendi. Harum aliquid esse in quia ea. Qui sit temporibus sequi culpa repellat pariatur. Necessitatibus et autem illum et. Voluptas dolor iste autem et minus. Voluptatem veniam expedita eum atque.
Molestiae aliquid illo necessitatibus repudiandae quos aspernatur voluptates. Repellendus pariatur quis suscipit aut. Quo autem officiis excepturi tempora voluptas. Provident temporibus et quisquam dolores ut consectetur et.
Voluptas et eaque similique. Numquam magnam exercitationem ipsam temporibus sint ipsum reiciendis.
Facilis hic laudantium rerum ut aperiam adipisci. Corrupti aut id veritatis a. Saepe rerum et architecto ut quos. Eos fuga voluptate inventore omnis incidunt. Cumque maxime illo sed mollitia est architecto.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...