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| Subject: municipal bonds Municipal bonds are debt obligations (securities) issued by state and local governments and their agencies. State finances: By John Schroy, on July 11th, 2009 |  Leave a comment  By July 2009, the State of California, one of the world’s larger economies, was unable to pay its bills, the result of profligate spending in the state legislature in Sacramento. Governor Schwarzenegger was forced to issue State IOU’s to pay creditors. The US SEC went along with this, declaring this fiat money to be equivalent to municipal bonds. As usual, California leads the country. In this case, the precedent is not good. July 11th, 2009 | Print Article |  Email Article |  Topics: Arnold Schwarzenegger, California, municipal bonds, US taxation | Category: US SEC | Leave a comment |  Short urlUS Bond Market By John Schroy, on November 19th, 2006 | Leave a comment  The Democratic Party and its supporters have indicated a willingness to enact legislation that will reduce demand for bonds, while increasing supply: a recipe for lower bond prices and higher yields. Questionable economic policies are expected to include support for Fannie Mae, protectionist trade measures, and large pensions for unionized civil servants. November 19th, 2006 | Print Article | Email Article | Topics: Baby Boomers, Ben Bernanke, Democratic Party, Fannie Mae, George Soros, Interest Rates, labor unions, minimum wage, municipal bonds, pension plans, protectionism, Republican Party, Stock Buybacks, unemployment, US taxation | Category: US Politics | Leave a comment | Short urlMunicipal bonds By John Schroy, on November 15th, 2006 | Leave a comment  Municipal pension fund problems are primarily the fruit of unionization of public employees. Over the last generation, trade unions have turned from their traditional base of industrial workers (eroded by factory closings due to excessive labor demands) and have fixed on the juicy target of tax-supported government workers. This could result in higher interest on municipal bonds of cities with powerful government service unions, along with increased taxes, and downward pressure on real estate values in certain cities. November 15th, 2006 | Print Article | Email Article | Topics: labor unions, municipal bonds, pension plans, US SEC | Category: US Politics | Leave a comment | Short urlFeatured articles on inside pages
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