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Muni Default Estimate: $100 Billion
Keywords:
A report from Roubini Global Economics says state and local government financial problems are not of a systemic nature and should not affect the U.S. financial system. The report sees defaults as isolated events. Still it says reforms will be needed only some of which have been made, and preventing a crisis will require real austerity. The report predicts $100 billion in muni-bond defaults over 5 years.
Risk of default for U.S. state and municipal debt
02/09/2011
Risks of default in US municipal bonds and the contagion effect on the economies of the US and Europe.
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In Muni-Bond Ills, Danger and Hope
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House GOP Fears 'Looming Fiscal Crisis' for States
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Mutual Funds' Muni-Debt Prices Are Questioned
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Muni Default Estimate: $100 Billion
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Lack of financial disclosure increases risk of municipal bonds
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The Tower Amendment exempts entities issuing municipal bonds from meeting federal information disclosure requirements.
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Wall Street Journal 11/03/2014
Muni Bondsâ Real Risk Is Not From State Budgets
New York Times 01/30/2011
Sales of Muni Bonds Sink to 10-Year Low
Wall Street Journal 02/01/2011
Meredith Whitneyâs Muni Bond Prediction Draws Scrutiny
New York Times 02/07/2011
Mutual Funds' Muni-Debt Prices Are Questioned
Wall Street Journal 02/18/2011
Muni Default Estimate: $100 Billion
Wall Street Journal 03/02/2011
How U.S. states overstate the extent to which pensions are funded.
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Using a discount rate of 4% (for government borrowing costs) would correctly show the extent to which pensions are funded in Illinois, than the rate currently used rate of 8%. Using Illinois methods Dutch plans would be 200% funded says an expert in Holland. With lower savings of American workers as they approach retirement adequately funded pension systems are critical to the safety net.
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Pension Pinch Busts City Budgets
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Risk perception for U.S. municipal bonds 2011-2014
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Grouped Articles
Wall Street Journal 11/03/2014
Financial Advisers on Munis: Don't Panic
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Sales of Muni Bonds Sink to 10-Year Low
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Meredith Whitneyâs Muni Bond Prediction Draws Scrutiny
New York Times 02/07/2011
In Muni-Bond Ills, Danger and Hope
Wall Street Journal 02/09/2011
Mutual Funds' Muni-Debt Prices Are Questioned
Wall Street Journal 02/18/2011
Municipal bond issuance by local governments and states in the US- 2010-2012
11/18/2010
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California Bond Woe Bodes Ill for States
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The Weak Get Weaker as Muni Bonds Are Sold Off
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Pained Muni Investors Cry Uncle
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Recession-bruised states' revenue sank 30 percent in 2009, Census Bureau reports
Washington Post 01/05/2011
Bond Buyers' Eyes Are on Illinois
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Illinois Deficit Leads to Talk of Big Tax Increase
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Efforts to fix the budget deficits in U.S. states: 2010-2012
01/05/2011
Some of the worst budget deficits are in Illinois, California and New Jersey, with other states not far behind.
Grouped Articles
California’s New Problem: Too Much Money
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Illinois Deficit Leads to Talk of Big Tax Increase
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Illinois Braces for Tax Increases
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Muni-Bond Default Estimates of $100 Billion
02/09/2011
Estimates on muni-bonds default range from the high side presented by Meredith Whitney to the more moderate estimate of $100 billion over several years by Roubini.
Linked Articles
Muni Default Estimate: $100 Billion
Wall Street Journal 03/02/2011
In Muni-Bond Ills, Danger and Hope
Wall Street Journal 02/09/2011
Meredith Whitney's forecast of hundreds of billions of dollars in U.S. muni-bond defaults
02/07/2011
A more moderate estimate by Roubini of $100 billion. The serious problems in state and local governmet finances in the U.S.
Linked Articles
Muni Default Estimate: $100 Billion
Wall Street Journal 03/02/2011
Meredith Whitneyâs Muni Bond Prediction Draws Scrutiny
New York Times 02/07/2011
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