Meredith Whitney Wasn't All Wrong: Muni Bonds Still Face Dangers
October 27 — Though fears of a financial armageddon have come and gone, the municipal bond market still faces dangers due to the continued global debt crisis and tougher conditions closer to home.
Munis have held up well this year, thanks to a variety of conditions: Low supply, municipal government belt-tightening and a national economy that appears, for now, to have skirted past fear of another recession. But those conditions may merely set the table for darker things to come, as austerity eats into growth potential, the state of the economy remains in flux and debt and deficit problems intensify. Read more.
