Rising Oil Prices And Municipal Bond Defaults


I have written quite often saying that rising oil prices can be expected to lead to debt defaults. For a while, some of this was hidden through lower oil prices and stimulus programs, but we are now beginning to see problems arise again, this time in the area of municipal bonds. The question is, “Who ends up holding the bag, if major municipal bond defaults take place?”

“Municipal” bonds include bonds issued by states, as well

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