Posts Tagged ‘local state finances’

Muni market (or how the stock market affects your life even if you think you are not invested in it)

October 29, 2009

This pearl dug out by the team at Zero Hedge ties in with a number of themes I’ve been writing about. Most notably, it shows the dynamic of how local state finances are run. It is only  a skip and a jump to deduce how your life is affected by the stock market even though you personally may not be an investor in stocks or bonds. This is what “A primer on how the stock market affects your life” is about.

Anyway, this report makes for some enlightening, if terrifying, reading.

http://www.zerohedge.com/article/collapse-muni-bond-market

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