Are you high? If you bought a muni index in Dec 2010 you'd be up three percent now. Not too rich, but in stark contrast to her clownish prophecies.
On Tue, Jul 17, 2012 at 3:36 PM, Sabri Oncu <[email protected]> wrote: > http://www.cnbc.com/id/48149920 > > Of course, she was right! > > The municipal debt market is large, about $3.7 trillion. > > Depression it is and it is not just because of the signals coming from > three days (now, four days) long data of negative nominal European > interest rates. From todays FT: > > "The six countries with negative yields for government bonds maturing > in two years or less are Germany, Finland, Denmark, Switzerland, the > Netherlands and, most recently, Austria." > > And still counting. > > Depression it is! > > Best, > Sabri > _______________________________________________ > pen-l mailing list > [email protected] > https://lists.csuchico.edu/mailman/listinfo/pen-l >
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