Been trying to anticipate the next "big thing", and as I watch the news it seems like we have several states in the USA that are on the verge of bankruptcy. No State has ever gone bankrupt before, and the predicted fallout seems to be that the municipal bond market will crash. I think the result of this may be higher interest rates for everything from credit cards to ARMs to US Treasuries?
Open discusion -- Do you think it's possible that US States will be allowed to go bankrupt? How can we make money off this if it happens? Will the stock market be a good place to hide out?
- Hakrjak
Open discusion -- Do you think it's possible that US States will be allowed to go bankrupt? How can we make money off this if it happens? Will the stock market be a good place to hide out?
- Hakrjak
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