Saturday, June 22, 2013

Detroit insolvency is undermining Michigan and national bond markets

"Too big to fail?"  Here we go again.

The first major domino to fall in municipal bond markets -- the City of Detroit -- is causing ripple effects and higher interest rates on bond markets in Michigan and nationwide.

Read it here.

We humbly and politely suggest that those foolishly purchasing the municipal bonds of the hopelessly insolvent Cincinnati may want to think twice before leaping off that cliff.

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