• Reggie Middleton
    03/11/2010 - 14:21
    Two years ago when I warned that Munis were getting primed for default in quite a few states (analysis linked below), my admonitions were pooh-poohed. Muni's practically never default, said the ivory tower (muni salesmen) professionals. Don't look now, but bankruptcy warnings are now standard fare in the Detroit prospectus, that doesn't even come with a set of financial statements attached. They are probably paying more than Greece,,, with more to come.
  • Gordon_Gekko
    03/11/2010 - 07:29
    Evidence seems to be mounting that we are headed towards some sort of implosion in the paper Gold market, and perhaps the currency/bond markets in general. Got physical Gold?