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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: RealMuLan who wrote (81671)7/17/2008 1:04:11 PM
From: RealMuLan  Read Replies (1) of 116555
 
[Federal gov. robs from Social security funds to spend, states sell bonds to fill the hole, hundreds of billions, and who are those suckers buying them?]--"States will likely turn to bonds to fill gaps of more than $30 billion to balance budgets for 2009 amid reduced tax receipts, Standard & Poor's forecast. U.S. municipal bond sales may reach $470 billion this year, exceeding the record of $430 billion in 2007, JPMorgan Chase & Co. analysts predict. "
bloomberg.com
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