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Recs
kurtdabear
(79.22)
Submitted: 1/27/2011 2:21:21 PM :
Start Price:
$25.97
HYD Score:
-21.66
This fund has a good chance of going to "0" over the next few years. As municipal bankruptcies accelerate and payments lag, the rush for the exits will put a tremendous cash squeeze on such funds and force asset liquidations at fire-sale prices.
Recs
SaintCroix
(98.34)
Submitted: 12/28/2010 7:46:53 PM :
Start Price:
$26.41
HYD Score:
-16.39
I'm shorting all the municipal bond ETFs I can find. Public sector unions (police, firefighter, teacher) are driving too many cities into default on their debts. It's a disaster waiting to happen.
Recs
mukwonago53149
(< 20)
Submitted: 5/10/2010 1:19:58 PM :
Start Price:
$27.00
HYD Score:
-4.19
The damage is unfolding right in front of us…
Colorado Springs has let 1/3rd of its streetlights go dark… sold police helicopters on eBay… and halted all street paving.
Arizona plans to sell – then lease back – its State House and Senate buildings… a desperate one-time move to raise cash.
Illinois’ liquid assets have dipped below $1 million… as they scramble to limit fallout from a giant $12.8 BILLION deficit.
States from Kansas to Hawaii have considered bills to cut the five-day school week down to four… or cancel entire grade-years altogether.
Los Angeles has called for ALL city agencies (save Fire and Police) to cut back to a 3-day workweek.
The capital of Pennsylvania has already skipped its 2010 debt payments… and has been downgraded to “high risk junk” by Moody’s.
And Toledo, Ohio, admits it may have to lay off EVERY government employee.
Make no mistake, this is a very bad sign for the stock market … the bond market … perhaps even your own neighborhood.
http://www.sovereignsociety.com/pages/svs/48Enrons0510.php?pub=SVS&code=ESVSL535&o=101478&s=103200&u=47393188&l=115283&r=Milo
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