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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: mishedlo who wrote (1075)3/3/2004 6:58:53 AM
From: Wyätt Gwyön  Respond to of 116555
 
what is CA debt spread now? what spread will it take to force $15 billion down muni-buyers' throats? from the state with the lowest rating in the country, for funds that are going to be used to...make a separate bond payment?

seems the CA approach is unsustainable.

what will happen if they eventually default, even if they make the June payment?