IPFS News Link • Economy - Economics USA
Whitney Wasn't All Wrong: Muni Bonds Still Face Dangers
• www.cnbc.comThough fears of a financial armageddon have
come and gone, the municipal bond market still faces dangers due to the
continued global debt crisis and tougher conditions closer to home.
 |
Munis
have held up well this year, thanks to a variety of conditions: Low
supply, municipal government belt-tightening and a national economy that appears, for now, to have skirted past fear of another recession ![[cnbc explains]](http://media.cnbc.com/i/CNBC/Sections/News_And_Analysis/_News/_CNBC_EXPLAINS/_IMAGES/CNBC_explains_icon1.gif){kind=small}
.
But
those conditions may merely set the table for darker things to come, as
austerity eats into growth potential, the state of the economy remains
in flux and debt and deficit problems intensify.
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