Muni market

Lotsa talk about the muni market, defaults and the rest.  Here's an article by Veronique de Rugby, economist who writes for Reason, that suggests the original bailout has caused municipalities to go further into the debt market than before and that should yet another huge bailout be required to salvage many cities from bankruptcy, all bets are off for a sustained recovery.  In other words if the jobless "recovery" we are now experiencing doesn't hold up, watch out below!