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Meredith’s muni bond meltdown scenario: paranoia?
Discussing whether Meredith Whitney’s predictions on the muni bond market are overblown, with Thomas Doe, Municipal Market Advisors CEO, and Doug Dachille, First Principles Capital Mgmt CEO. Source: CNBC, January 20, 2011. The chart below, courtesy of Barclays Capital (via Business Insider – Clusterstock) illustrates the “The Meredith Whitney Effect”. Click here or on the image below for a larger chart.
Source: Barclays Capital (via Business Insider – Clusterstock), January 20, 2011. 1 comment to Meredith’s muni bond meltdown scenario: paranoia?Leave a Reply |
![[Most Recent Charts from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_4.gif)
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By Prieur du Plessis, on January 25th, 2011 posted in: 
Email
Byron Wien Announces “The Ten Surprises” for 2013
Prieur’s Readings (January 3, 2013)
Bob Farrell’s 10 rules for investing
Running 2012 NYC Marathon – a means to a better life for impoverished children
Prieur’s Readings (August 29, 2012): No “death of equities”
It’s not that the Muni’s will default. It’s the Muni’s will raise taxes and fees on the individual to cover their default, who in turn will reduce his consumer demand for “Chinese junk”, lose his job, and generally fall from the middle class and into bankruptcy and government dependency.
All this economic talk is an exercise in “kicking the can down the road”. JM Kenyes told you as much: “In the long run, we are all dead.”