Tag Archives: State and Local Governments

Connecting the Dots: The Coming War Between Generations

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

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!

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

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