"People believe that municipal debt is safe based on assumptions that are no longer true." -Kenneth Buckfire"The above quote comes from the CEO of Miller Buckfire & Co., an investment bank that is currently advising cities on municipal restructurings," writes Barry Ritholtz. "Given the various pressures states
"This has got to be one of those "Bizarro World" days for Fed chief Ben Bernanke, what with the Time Magazine "Person of the Year" award, word of growing distrust among the general population," writes Barry Ritholtz. "As for monetary policy, what seems to be low on the list of Bernanke news today, the statement that was
According to Barry Ritholtz, "those of you unfamiliar with the Correlation/Causation distinction will learn one of 2 things: Either the lack of really good modern rock songs recently is causing oil production to falter, or conversely, why peak oil has given us Boy Bands, Madonna, and Clearchannel Radio.