municipal
Municipal-Bond Fund Investor Pullback Signals Weakening Market October 9, 2021
(Bloomberg) — Investors in the $4 trillion market for state and local government debt appear to be looking for the exit.Most Read from BloombergThey pulled $344 million from long-term municipal-bond mutual funds and $460 million from high-yield funds during the …
Vanguard Holds Half of PG&E’s $920 Million Municipal Bonds, USAA Second Biggest Holder With $86.6 Million
via Bloomberg: The Vanguard Group holds about $415 million of municipal bonds issued on behalf of PG&E Corp., about half of the $920 million state and local debt sold for the California utility that’s edging toward bankruptcy because of the fallout from …
The Fate of All Municipal Governments – Look to Peoria, Illinois
by Martin Armstrong The governmental system we have is totally corrupt and it outright UNSUSTAINABLE!!!! In Illinois, the city of Peoria has been forced to eliminate 22 firefighter and 16 police positions even after they made 27 layoffs earlier this year. Besides …
The City of Seattle is a corporation, a municipal corporation. How is this legal?
These are commonly found in 3rd world countries How is this legit? Am I missing something here? “ARTICLE I. General Rights and Liabilities Section 1. MUNICIPALITY; NAME, BASIC POWERS: The municipal corporation, now existing and known as The City of …
The Municipal Debt Crisis Begins
by Martin Armstrong I have previously reported that about 50% of German municipalities are insolvent. This is a global trend and we are witnessing it in the United States as well. The North Rhine-Westphalian Association of Cities has called for help …
Is Your Money in a Reputable Bank? – Municipal Bankruptcies & More on the Way!
by Thinker Even to the casual observer, the financial condition of government budgets are under severe stress. Taxes have gone up consistently and have outpaced any meager adjustments in income for most taxpayers. No one can reasonably expect that municipal …