‘Day of Reckoning’

60 Minutes – State Budgets: Day of Reckoning

Bloomberg – Christie Says `Day of Reckoning’ Has Arrived for States Facing Budget Gaps

WSJ – Pained Muni Investors Cry Uncle

guardian.co.uk – $2tn debt crisis threatens to bring down 100 US cities

Chicago Tribune – Thinking the unthinkable: Bankruptcy in Chicago

The Market Oracle – Fed Shortsighted QE Policy Fuels the Continuing Gold Price Rise

Municipal Bonds: A Buying Opportunity?

The Fed’s New Bond-Buying Plan

Bursting the Bond Bubble Theory

2 Responses to ‘Day of Reckoning’

  • I thought the day of reckoning would come in March of this year – just astounded they’ve managed to keep it afloat this long. We’ll see how much longer Bernanke and the boys can keep up appearances.

  • I posted some new important links above on our topic from the WSJ, Guardian, Chicage Tribune, etc. It looks to me that Munis are going to crash hard… I don’t think the Fed can keep the states and cities afloat.

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