Classic Economic Hitman

Well, we Americans have to save ourselves somehow, so try to get foreign holders to buy municipal debt before a wave of bankruptcies happens.   Classic Economic Hitman, if you haven't read the book, you should, it is an eyeopener even if you already have a tinfoil hat!

Sometimes the "Bond Buyer" has good original information, and sometimes they are repeating stories that the Hitman wants to be repeated.

Foreign Buyers Eye U.S. Munis

Bond Buyer | Sep 26

Foreign investment in the U.S. municipal bond market has exploded in the last 10 years. From 2001 through the second quarter of 2012 foreign investors increased their holdings of munis by more than 11-fold. While foreign investors owned $8 billion at the end of 2001, they had increased their ownership to $89 billion at the end of the second quarter of 2012, according to the U.S. Federal Reserve.