Comments on: Why Many States are on the Brink of Insolvency http://contraryinvesting.com/sovereign-debt-trouble/why-many-states-are-on-the-brink-of-insolvency/ Investing and Trading News, with a Contrarian, Sarcastic Twist! Tue, 31 Jan 2012 08:31:57 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Arnold Schwarzenegger Drops California State Workers to Minimum Wage — The Contrary Investing Report http://contraryinvesting.com/sovereign-debt-trouble/why-many-states-are-on-the-brink-of-insolvency/comment-page-1/#comment-420 Arnold Schwarzenegger Drops California State Workers to Minimum Wage — The Contrary Investing Report Fri, 02 Jul 2010 20:35:57 +0000 http://contraryinvesting.com/?p=1328#comment-420 [...] frequency and severity as the current Depression deepens.  This is just the tip of the iceberg.  State tax revenues have fallen across the board – and they can’t get [...] [...] frequency and severity as the current Depression deepens.  This is just the tip of the iceberg.  State tax revenues have fallen across the board – and they can’t get [...]

]]> By: Brett http://contraryinvesting.com/sovereign-debt-trouble/why-many-states-are-on-the-brink-of-insolvency/comment-page-1/#comment-323 Brett Tue, 22 Jun 2010 15:55:12 +0000 http://contraryinvesting.com/?p=1328#comment-323 Hey Mike, nice article on the Fool! And I agree completely - this is probably the last financial bubble in existence right now. Hey Mike, nice article on the Fool! And I agree completely – this is probably the last financial bubble in existence right now.

]]> By: Mike http://contraryinvesting.com/sovereign-debt-trouble/why-many-states-are-on-the-brink-of-insolvency/comment-page-1/#comment-318 Mike Mon, 21 Jun 2010 23:32:08 +0000 http://contraryinvesting.com/?p=1328#comment-318 Hi, I came across your website. I enjoy the posts and will continue to follow the website. I also wrote about something similar on fool.com http://caps.fool.com/Blogs/municipal-bonds-in-distress/387526 It is kind of a scatter segment, but I also do believe that the municipal market is not being properly priced into the stock market. The credit default market seems to recognize the unsustainable path that many of the states are heading. Recently I took a look at the Santa Barbra pension fund which shows approx. 58% funding. so for every dollar in obligations, they have .58 cents. I think at some point the market will recognize the issues at hand. I think that Greece was a glimpse of what California and the states are posing towards the US. Both Greece and California have 'taxing power', yet both are essentially bankrupt. IMO, I think the municipal market is the next subprime. Hi, I came across your website. I enjoy the posts and will continue to follow the website. I also wrote about something similar on fool.com

http://caps.fool.com/Blogs/municipal-bonds-in-distress/387526

It is kind of a scatter segment, but I also do believe that the municipal market is not being properly priced into the stock market. The credit default market seems to recognize the unsustainable path that many of the states are heading.

Recently I took a look at the Santa Barbra pension fund which shows approx. 58% funding. so for every dollar in obligations, they have .58 cents.

I think at some point the market will recognize the issues at hand. I think that Greece was a glimpse of what California and the states are posing towards the US. Both Greece and California have ‘taxing power’, yet both are essentially bankrupt.

IMO, I think the municipal market is the next subprime.

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