Tag Archives: Land Sales

Local Government Financing in China

Yikes!  Look what California’s dependence on tax revenues from the dot.com and housing bubbles did to that state’s fiscal health.   We’re going to see some fugly naked bodies when the tide recedes in China.   Keep this one on your … Continue reading

Posted in Black Swan Watch, China, Muni Market, State and Local Government | Tagged , , | 3 Comments