Tag Archives: State and Local Governments

Connecting the Dots: The Coming War Between Generations

Posted on March 1, 2011 by macromon

Almost everyday the newspaper headlines across the country warn of problems with local government budgets centered around public sector employee wages and benefits.  Today one read,  County Pension System Hits Tipping Point.  The other day it was how one city … Continue reading →

Posted in Budget Deficit, Currency, Demographics, Dollar, Economics, Employment, State and Local Government | Tagged , , , , | 11 Comments

“Fort Sumter” Opens Fire: Battle for the Public Sector Is On

Posted on February 11, 2011 by macromon

The battle for the public sector is on.  The Governor of Wisconsin just announced what amounts to be the abolishment of public sector unions in his state.   What an incredible contrast of the health of the private sector x/banks, reflected … Continue reading →

Posted in Bonds, General Interest, Muni Market, State and Local Government | Tagged , , , | Leave a comment

State and Local Governments, Man Your Battle Stations!

Posted on January 6, 2011 by macromon

Take a look at the new cover of the Economist. We have been all over the coming “battle royal” between the state and local governments and their public sector unions, but not as much as Mike Shedlock over at the … Continue reading →

Posted in Black Swan Watch, Bonds, Budget Deficit, Muni Bonds, Muni Market, Sovereign Risk | Tagged , , , | 1 Comment

Day of Reckoning for State and Local Governments

Posted on December 19, 2010 by macromon

A must view 60 Minutes on the fiscal disasters of state and local governments.  Meredith Whitney and New Jersey Governor Chris Christie weigh in.  Check it out. Click here for video

Posted in Black Swan Watch, Muni Bonds, Politics, Video | Tagged , , , , , | 3 Comments