Tag Archives: California

Cartoon of the Day: Einstein’s California Epiphany

Posted on March 21, 2011 by

Hat tip, Craig “Crack Spread” B.!  (click here if cartoon is not observable)

Posted in Cartoon of the Day | Tagged , , | 4 Comments

GOP plan: “Push states to bankruptcy and smash unions”

Posted on December 8, 2010 by

In his Reuters blog,  James Pethokoukis states the biggest political battle in Washington next year will be the Congressional Republicans plan to:  a) avoid a federal bailout of financially troubled states; and b) cripple employee unions by pushing fiscally troubled … Continue reading →

Posted in Black Swan Watch, Charts, Muni Market | Tagged , , , , | 1 Comment

Muni Market Rebounds, California Prices RANs

Posted on November 18, 2010 by

After widening 70 bps, long-term California munis rebounded today, tightening as much as 6-10 bps.  California priced $10 BN of Revenue Anticaption Notes (RANs)  paying higher than their initial target price.  Notes from the $2.25 billion Series A-1 mature in … Continue reading →

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Muni Meltdown: All Eyes on California

Posted on November 16, 2010 by

As the world focuses on Ireland, the hammering of the U.S. muni market continued today even as the treasury bond market rallied sharply.  As the case with any sell-off, it is difficult to discern fundamentally why the market is in … Continue reading →

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