Muni Bonds: Constructive in Current Portfolio Asset Allocation [View article]
Apparently you have not read about the CA county that pays average policeman salary of $120k and average firefighter salary of $180k and .... not funding any future pension liabilities for about a year.
great article! the theory of capitalism is based on the creation of capital and stockpiles of money do not constitute capital. so are the current u.s./u.k. run more or less like the already defunct soviet socialist republics? yes. and there can't be any inflation-wage spiral as the lack of production resources in the above countries leaves the emolyees powerless before the threat of outsourcing even in healthcare. gloomy future indeed.
Muni Bonds: Constructive in Current Portfolio Asset Allocation [View article]
The Reverse Wealth Effect [View article]