The tables below are for contextual reference as state and local governments face draconian spending cuts. The combination of public policy with the several bubble periods over the last twenty-five years has created a toxic brew. Some state and local governments are… Continue Reading →
A blogsite, “Mish’s Global Economic Trend Analysis” recently aggregated a selection of news stories covering state and local government budget deficits and proposed layoffs. Click here to link to the post. There are a few differences between private sector layoff announcements and the public… Continue Reading →
A particularly toxic form of adjustable rate mortgage is going to hit the headlines in the spring and summer of 2010 with defaults, foreclosures and workout discussions extending into 2012. “Option ARMs” also known as “Pick-a-pay” allow the borrower to… Continue Reading →
The slowdown in migration in the U.S. has significant consequences for municipal finance. New population growth in a community has been the driving force in municipal infrastructure finance since the beginning – and the slowdown we have seen over the… Continue Reading →
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