Munis & The Coming Crisis

Meredith Whitney sounded an alarm on the Municipal Bond market back in December 2010.  Yesterday, Jim Chanos of  Kynikos Associates sounded off stating the state situation is ominous, and that in a sense they are insolvent.

Munis have long been the safe-haven for the diversified investor but with the impending failure of the Muni Markets, Gold and its current bull run can fill the  safe-haven gap a Muni collapse would create.

 

from CNBC: Fund Manager Jim Chanos, advid Cheeshead, at this years Superbowl.

Read more: Jim Chanos: The Muni Situation IS Ominous, And These States Are Basically Insolvent

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