Comments on: The coming collapse of the municipal bond market http://www.creditwritedowns.com/2009/11/the-coming-collapse-of-the-municipal-bond-market.html a finance news and opinion site Mon, 22 Mar 2010 06:53:58 +0000 hourly 1 By: Fred Sheehan’s and the untold story of Alan Greenspan - Credit Writedownshttp://www.creditwritedowns.com/2009/11/the-coming-collapse-of-the-municipal-bond-market.html#comment-9875 Fred Sheehan’s and the untold story of Alan Greenspan - Credit Writedowns Mon, 08 Feb 2010 22:24:01 +0000 http://www.creditwritedowns.com/2009/11/the-coming-collapse-of-the-municipal-bond-market.html#comment-9875 [...] it Reddit8FebShareI first featured some commentary by Fred Sheehan in November on a muni post The coming collapse of the municipal bond market. Now Fred is back and he’s on the radio, talking with Jim Puplava about Sir Alan Greenspan this [...] [...] it Reddit8FebShareI first featured some commentary by Fred Sheehan in November on a muni post The coming collapse of the municipal bond market. Now Fred is back and he’s on the radio, talking with Jim Puplava about Sir Alan Greenspan this [...]

]]> By: barryschaefferhttp://www.creditwritedowns.com/2009/11/the-coming-collapse-of-the-municipal-bond-market.html#comment-7725 barryschaeffer Fri, 06 Nov 2009 00:15:35 +0000 http://www.creditwritedowns.com/2009/11/the-coming-collapse-of-the-municipal-bond-market.html#comment-7725 Ed,<br><br>I've seen this public pension collision coming for some time. Is there anything that the rest of us (who aren't planning on a fat public pension) can do to protect ourselves from being devoured buy it?<br><br>For example, any way to find out if any states have laws that enable state and local governments to change pension payouts to reflect realistic investment returns? The Legislature here in Washington State just chose to ignore the recent report from their analyst that they can't expect to get 8% on their capital, so I don't see good things on that front.<br><br>Got any ideas about Ed,

I've seen this public pension collision coming for some time. Is there anything that the rest of us (who aren't planning on a fat public pension) can do to protect ourselves from being devoured buy it?

For example, any way to find out if any states have laws that enable state and local governments to change pension payouts to reflect realistic investment returns? The Legislature here in Washington State just chose to ignore the recent report from their analyst that they can't expect to get 8% on their capital, so I don't see good things on that front.

Got any ideas about

]]> By: Edward Harrisonhttp://www.creditwritedowns.com/2009/11/the-coming-collapse-of-the-municipal-bond-market.html#comment-7724 Edward Harrison Thu, 05 Nov 2009 21:19:05 +0000 http://www.creditwritedowns.com/2009/11/the-coming-collapse-of-the-municipal-bond-market.html#comment-7724 My general take here is not so much one of shorting an index (as I don't give specific investment advice) but of being aware of what you have in your portfolio. <br><br>For example, are the munis in your portfolio general revenue bonds or ones secured with income streams from specific projects? And what does that mean about likely cash flow in a period of distress? <br><br>As I see it, not all bonds are equal and that should lead to a relative value play if and when muni distress occurs. My general take here is not so much one of shorting an index (as I don't give specific investment advice) but of being aware of what you have in your portfolio.

For example, are the munis in your portfolio general revenue bonds or ones secured with income streams from specific projects? And what does that mean about likely cash flow in a period of distress?

As I see it, not all bonds are equal and that should lead to a relative value play if and when muni distress occurs.

]]> By: mjganucheauhttp://www.creditwritedowns.com/2009/11/the-coming-collapse-of-the-municipal-bond-market.html#comment-7723 mjganucheau Thu, 05 Nov 2009 20:58:57 +0000 http://www.creditwritedowns.com/2009/11/the-coming-collapse-of-the-municipal-bond-market.html#comment-7723 Edward, do you have any ideas on how to capitalize on this theme by shorting a muni bond index, and what indexes would you focus on in this space? I read the report and thought it was pretty good. Thanks. Edward, do you have any ideas on how to capitalize on this theme by shorting a muni bond index, and what indexes would you focus on in this space? I read the report and thought it was pretty good. Thanks.

]]> By: barryschaefferhttp://www.creditwritedowns.com/2009/11/the-coming-collapse-of-the-municipal-bond-market.html#comment-7082 barryschaeffer Thu, 05 Nov 2009 17:15:35 +0000 http://www.creditwritedowns.com/2009/11/the-coming-collapse-of-the-municipal-bond-market.html#comment-7082 Ed,<br><br>I've seen this public pension collision coming for some time. Is there anything that the rest of us (who aren't planning on a fat public pension) can do to protect ourselves from being devoured buy it?<br><br>For example, any way to find out if any states have laws that enable state and local governments to change pension payouts to reflect realistic investment returns? The Legislature here in Washington State just chose to ignore the recent report from their analyst that they can't expect to get 8% on their capital, so I don't see good things on that front.<br><br>Got any ideas about Ed,

I've seen this public pension collision coming for some time. Is there anything that the rest of us (who aren't planning on a fat public pension) can do to protect ourselves from being devoured buy it?

For example, any way to find out if any states have laws that enable state and local governments to change pension payouts to reflect realistic investment returns? The Legislature here in Washington State just chose to ignore the recent report from their analyst that they can't expect to get 8% on their capital, so I don't see good things on that front.

Got any ideas about

]]> By: Edward Harrisonhttp://www.creditwritedowns.com/2009/11/the-coming-collapse-of-the-municipal-bond-market.html#comment-7081 Edward Harrison Thu, 05 Nov 2009 14:19:05 +0000 http://www.creditwritedowns.com/2009/11/the-coming-collapse-of-the-municipal-bond-market.html#comment-7081 My general take here is not so much one of shorting an index (as I don't give specific investment advice) but of being aware of what you have in your portfolio. <br><br>For example, are the munis in your portfolio general revenue bonds or ones secured with income streams from specific projects? And what does that mean about likely cash flow in a period of distress? <br><br>As I see it, not all bonds are equal and that should lead to a relative value play if and when muni distress occurs. My general take here is not so much one of shorting an index (as I don't give specific investment advice) but of being aware of what you have in your portfolio.

For example, are the munis in your portfolio general revenue bonds or ones secured with income streams from specific projects? And what does that mean about likely cash flow in a period of distress?

As I see it, not all bonds are equal and that should lead to a relative value play if and when muni distress occurs.

]]> By: mjganucheauhttp://www.creditwritedowns.com/2009/11/the-coming-collapse-of-the-municipal-bond-market.html#comment-7079 mjganucheau Thu, 05 Nov 2009 13:58:57 +0000 http://www.creditwritedowns.com/2009/11/the-coming-collapse-of-the-municipal-bond-market.html#comment-7079 Edward, do you have any ideas on how to capitalize on this theme by shorting a muni bond index, and what indexes would you focus on in this space? I read the report and thought it was pretty good. Thanks. Edward, do you have any ideas on how to capitalize on this theme by shorting a muni bond index, and what indexes would you focus on in this space? I read the report and thought it was pretty good. Thanks.

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