Wednesday, November 11, 2009

California Bonds Downgraded

More cuts in social spending coming...the Golden State is toast for the next decade, apart from a few wealthy enclaves. And given the coming expansion of the Panama canal, the import-export aspect of the economy may never fully recover.

1"Moody's becomes latest to downgrade California bonds"
2"California forced to pay 4% yield in bond sale" - LA Times; Petruno

No comments: