Category 6 Financial Storm Coming Our Way?
In this post, I want to write as little as possible. Hope the seriousness is conveyed.
Pay no attention to stock market. Debt markets are smarter than equity markets. Right now, the municipal bond market is taking a “shellacking.”
Imagine a large California defaulting on its debt obligations. That is where this is headed.
I don’t know how soon. But this is not good.