skip to main | skip to sidebar

Sunday, January 16, 2011

fear turns into panic

panicPeople are running wild as muni bonds crash now. They have fallen 16% in three months and things are getting worse. Cities are talking about cash short falls and they cannot pay. Expect our gov to claim all is fine as our serious situation worsens. Politicians seem to like to claim all is fine and prosperity is just around the corner. That is not what we are seeing now. Well, we can understand some panic. Folks, this is a sign. Basically, that things falling apart and we are going to see more price erosion.