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

Posted in Economics, Uncategorized | Tagged , | Leave a comment

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 , | 56 Comments

Kalifornia über alles

(click here if picture is not observable)

Posted in Picture of the Day | Tagged | 1 Comment

Cartoon of the Day: Einstein’s California Epiphany

Hat tip, Craig “Crack Spread” B.!  (click here if cartoon is not observable)

Posted in Cartoon of the Day | Tagged , , | 4 Comments

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 , , , , | 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

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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

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