Mish's Global Economic Trend Analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Mish's Global Economic Trend Analysis

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: mishedlo who wrote (78895)	5/8/2008 7:51:06 PM
From: Fun-da-Mental#1	Read Replies (1) of 116555

A municipality has gone bankrupt. What does this do to the municipal bond market - the supposedly good half of Ambac and other bond insurers? What does this do to Ambac? And what will Ambac do to the stock market? This is what I've been waiting for. The bond insurance business will not truly blow up until we start seeing more actual bankruptcies, both corporate and municipal, which of course we will, going into a recession. Same thing for credit default swaps. Only when there are some actual defaults will the shit hit the fan. Fun-da-Mental

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next