Time to Buy Municipals?

I’ ve been negative on the finances of state and local governments for some time, and continue to believe it will get worse before it gets better.

This article takes a contrarian view, particularly on the debt, which I want to present to you.

He argues there are “diamonds in the rough”, which is almost always true.

I’m still quite negative on municipals in general, but it’s good to see the other point of view.