Bloomberg reports that the era of cheap money for municipal borrowers is over, citing the Bay Area Toll Authority's recent of auction of bonds at rates as high as 5.33%.
How long before the era of cheap money is over for everyone?
If you believe it's not long, I suggest you unload your US Treasuries and bonds, or better yet, unload them and go short. Rising rates are going to cream bond prices.
Most Popular Articles This Month
Our soft commodity flavor-of-the-month, cotton, has seen its near term futures surge "limit up" for the second day in the row. Wa...
Last May we covered a Financial Sense Newshour interview with Kirk Sorensen, founder of Flibe Energy - he made the case for little-known ele...
The gold standard these days has been reduced to a distant memory and fantasy of hard money proponents. IF we returned to a gold standard, ...