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The dramatic drop in municipal bond issuance could be flashing a danger sign, John Carney...

The dramatic drop in municipal bond issuance could be flashing a danger sign, John Carney writes. The standard explanation is the end of Build America Bonds, but the fear is that the beginning of the program was an artificial boost to the market. Without BAB, the evidence of trouble in the muni market may have been apparent much earlier.
Comments (4)
  • Here is a series of interesting articles published February 24th and 25th by Newgeography showing interesting trends in the US urban scene. The regional and national implications for housing, employment and general economic development are very interesting.

     

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    26 Feb 2011, 12:38 AM Reply Like
  • The short term implicatiions will be lagging public sector employment, and decreased availability of public servies. Long term, default by state and municipal governments will do further damage to the crumbling economy. This was foretold by Meredith Whitney months ago.
    26 Feb 2011, 05:50 AM Reply Like
  • The BABs were Bankrupt America Bribes from the US Regime to its clients, camp followers and sycophants .
    26 Feb 2011, 07:24 AM Reply Like
  • bill s. friend:
    exactly!! and Whitney is right and it's not very smart of us to bitch about Greece and Portugal etc. as they (EU) at least have left the denial stage and moved towards correcting the situation.
    26 Feb 2011, 10:39 AM Reply Like
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