Sunday, June 27, 2010

Muni Bonds: Don't Hit the Panic Button Yet

The Wall Street Journal reports:
The drumbeat of anxiety over municipal bonds is getting louder, with headlines screaming about state budget deficits and talking heads—Warren Buffett among them—expressing alarm over the ability of issuers to make good on their debts.

How worried should small investors be?
The effective ability to tax to payback principle is coming in to questions.