Lehman’s collapse was a full year before the financial crisis of 2008, and it’s very probable the full impact of Europe imploding won’t be felt for some time.
We, as investors, need to stay informed and ready to react.
Please continue to read my newsletters and blogs, and have my number in your speed dial. 303.747.6455
CLICK FOR FULL ARTICLE – EUROPE ECHOES OF LEHMAN
That might sound good, but what it really means is that the prices are plunging.
Stay away from Greece and watch Europe closely.
Greek Bond Yields Surge – Link
One of the effects of a US Government downgrade is a municipal downgrade to follow.
If you’ve been following my newsletters over the past few years, you know I’ve advised you to watch your municipal holdings closely if you have any at all.
The free (relatively) capital market ultimately determines the cost municipals will have to pay to borrow money.
If the US Gov’t is downgraded (I argue when not if) then 7,000 municipal bonds will be automatically downgraed as well. At least according to Moody’s.
This really hurts retirees as they’re the largest part of this market.