muses of the moment

September 18, 2013

GEAB N 77 is here

Click here for latest free summary from LEAP 2020.

Their chart on muni-bonds is eye opening.

But it’s not only government bonds that are in freefall. Following Detroit’s bankruptcy, the Munibond market (US municipal bonds) is itself also extremely tense (7) as the following chart shows.

This is an alarming situation for many American cities which will inevitably lead to other significant bankruptcies in the coming months. In separating municipal and national debts, better numbers are shown certainly, but the risks are doubled.

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