Predictions Coming True
Posted on December 2nd, 2010
If you’ve been reading my blog for the past 2 years you’ve been hearing me talk about the slow disaster that is Europe and our municipal governments.
We’re now seeing the worst falls in Municipals since Lehman’s collapse back in September 2008. Ouch! I also say that the worst is before us, not behind.
To do: Watch your municipal holdings and know what your exposure is!
Ireland has a bailout (thank you EU and IMF) and now the yields for Portugal, Spain, and Italy are going through the roof.
This does NOT bode well for the rest of the PIIGS, Europe, and the Euro.
To do: What’s your exposure to what I think is the next big collapse?
CLICK FOR FULL ARTICLE: MUNIS SEE WORST FALLS SINCE LEHMAN COLLAPSE
CLICK FOR FULL ARTICLE: EUROPE UPDATE AND MORE
CLICK FOR FULL ARTICLE: EUROPEAN DEBT CRISIS CHEAT SHEET
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