How the Muni Market Became the Epicenter of the Liquidity Crisis

Desperate sellers across most markets sold assets at deep discounts last month as the spreading new coronavirus left investors fearful and hungry for cash.

Perhaps no investment flipped from coveted haven to spurned hot potato as quickly as municipal bonds.The coronavirus pandemic is disrupting the global economy. WSJ’s Greg Ip explains what the Federal Reserve can do to stem the damage. Illustration: Carlos Waters/WSJ

Cities are raising property taxes in this slowing economy, instead of focusing on cutting costs or offering temporary paycuts to avoid layoffs. It is time for the Government to 'Go Lean'.

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Stocks on Track for Worst Quarter Since 2008U.S. stocks are headed toward their worst quarter since the financial crisis, a stunning blow for the market that few investors could have anticipated at the start of the year. Duh 'We're drowning and you're describing the water'...Thanks AsGoodAsItGets
Fuente: WSJ - 🏆 98. / 63 Leer más »