Tag Archives: California Budget Crisis

Chart of the Day: California’s Volatile Revenue Base

The following chart is from the California Legislative Analyst’s Office (LAO) and is indicative of the state government’s unstable revenue base.   The government receives a higher proportion of its revenue from personal income taxes than most states, which is also … Continue reading

Posted in Bonds, Budget Deficit, Chart of the Day, Fiscal Policy, Muni Bonds, Muni Market, State and Local Government | Tagged , | 6 Comments

California Creamin’ (the muni market)

You think today was ugly in the equity market take a look at what is happening with, MUB,  the Municipal Bond EFT (see chart below).   The California Legislative Analyst’s Office released their state fiscal outlook on November 10th and projects … Continue reading

Posted in Bonds, News, PIIGS | Tagged , , | 1 Comment