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Tag Archives: California
Back Home And Powered Up
I Nice to be back home with the power on. We were under mandatory evacuation since early Sunday morning and have been without power for almost a week. Thanks to our readers for all the support. We sense a real … Continue reading
Inflation Is Here, Get Used To It
I stopped to grab a burger in Marin County today and was kind of shocked to see the following posted on the front door. That is a pretty steep starting wage for nonskilled labor, and $5.00 more than … Continue reading
Posted in Equities, Food Prices, Inflation/Deflation, Uncategorized
Tagged California, Minimum Wage
56 Comments
Kalifornia über alles
(click here if picture is not observable)
Cartoon of the Day: Einstein’s California Epiphany
Hat tip, Craig “Crack Spread” B.! (click here if cartoon is not observable)
GOP plan: “Push states to bankruptcy and smash unions”
In his Reuters blog, James Pethokoukis states the biggest political battle in Washington next year will be the Congressional Republicans plan to: a) avoid a federal bailout of financially troubled states; and b) cripple employee unions by pushing fiscally troubled … Continue reading
Posted in Black Swan Watch, Charts, Muni Market
Tagged California, Illinois, Muni Bonds, Muni default, Muni Market
1 Comment
Muni Market Rebounds, California Prices RANs
After widening 70 bps, long-term California munis rebounded today, tightening as much as 6-10 bps. California priced $10 BN of Revenue Anticaption Notes (RANs) paying higher than their initial target price. Notes from the $2.25 billion Series A-1 mature in … Continue reading
Muni Meltdown: All Eyes on California
As the world focuses on Ireland, the hammering of the U.S. muni market continued today even as the treasury bond market rallied sharply. As the case with any sell-off, it is difficult to discern fundamentally why the market is in … Continue reading
Posted in Black Swan Watch, Bonds, Politics
Tagged California, Fiscal Deficit, Muni Market, Muni Meltdown
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