Exciting Municipal Underwriting
Looks like the financial industry is finally wising up and thinking ahead. This story says that UBS is exiting underwriting municipal debt, although it will continue to sell the risk to others... I think municipal bonds are going to be challenging investments for people.
On a sign of times note I think I'm looking to upgrade my vehicle. The roads have been insane here and it really makes me consider valid reasons for vehicles I had never considered before. I just went a little ways on the local road last night that it is full of soft spots. So, my hubby mentioned co-workers are getting rid of their second vehicle to save money and they are going to a single vehicle family. I was part of a single vehicle family for 12 years. I suspect there will be a lot more families sharing vehicles more.
Here's a picture of our local roads in the area I was stuck in the mud about 3 weeks ago now.