Data released showed that 5.3 times as many municipal bonds were credit downgraded over the three last months than were upgraded.
Data released showed that 5.3 times as many municipal bonds were credit downgraded over the three last months than were upgraded.
Lefties cannot count, add or subtract. Never mind accurate long term forecasting.
If you really want to understand why we are hooped, look at this chart. We are in a Debt Trap, by we I say the whole world. Greece is a smoke screen, Italy is the dangerous one. If Greece falls, so falls Italy. If Italy falls all of the EU is gone. Canada’s GDP is about 1.2T our Total Sovereign Debt Load is 4-5T do the math. http://www.nytimes.com/imagepages/2011/10/22/opinion/20111023_DATAPOINTS.html?ref=sunday-review
♪ Once I built a union retirement hedge fund ♪
Hey Buddy,
can you spare a dollar?
What fraction of existing municipal bonds changed status?
Many years ago a financial adviser who clearly thought I had more money than I suggested I invest in government bonds. After all, he intoned, governments don’t go broke.