I hope you remember my post on 23rd Dec about key issues to look out for in 2011.
No 1 was US Muni Debt issue
in my view this space in US Muni mkt is going to get very ugly.
It may even make the EU Sovereign Crisis look like a cake walk.
Let us see how this pans out.
MUB US Eqty is the ticker on Bloomberg to follow.
Pls see link below from Bloomberg
http://www.bloomberg.com/news/2011-03-30/dimon-says-hundreds-of-municipalities-in-u-s-won-t-make-it-out-of-debt.html
No 1 was US Muni Debt issue
in my view this space in US Muni mkt is going to get very ugly.
It may even make the EU Sovereign Crisis look like a cake walk.
Let us see how this pans out.
MUB US Eqty is the ticker on Bloomberg to follow.
Pls see link below from Bloomberg
http://www.bloomberg.com/news/2011-03-30/dimon-says-hundreds-of-municipalities-in-u-s-won-t-make-it-out-of-debt.html
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