They Really, Really Want Your Money by Robert Gore | STRAIGHT LINE LOGIC
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The following is an excerpt from "They Really, Really Want Your Money," To see the full article, click the link above.
Although there are a number of worthy contenders, right now municipal bonds may be the worst investment class on the planet. Although it is tax-free, interest received is microscopic, subjecting holders to significant price risk when rates head back up. State and local governments are careening towards the brick wall of their unfulfillable promises, which translates into substantial credit risk. When they run into trouble, bondholders will be just another class of combatants in lengthy, convoluted political and judicial food fights. Save yourself the heartburn. Let somebody else lend to governments that so desperately want your money.
The following is an excerpt from "They Really, Really Want Your Money," To see the full article, click the link above.
Although there are a number of worthy contenders, right now municipal bonds may be the worst investment class on the planet. Although it is tax-free, interest received is microscopic, subjecting holders to significant price risk when rates head back up. State and local governments are careening towards the brick wall of their unfulfillable promises, which translates into substantial credit risk. When they run into trouble, bondholders will be just another class of combatants in lengthy, convoluted political and judicial food fights. Save yourself the heartburn. Let somebody else lend to governments that so desperately want your money.
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- 1Posted by richrobinson 10 years, 3 months agoGreat article Straight. Pennsylvania is really hurting. I have read that sixty three cents of every tax dollar goes to pensions. I am just outside of Pittsburgh and they have been in financial trouble for years. Ironically the State is helping. Trouble brewing....Mark as read | Best of... | Permalink|