Public Finances

Low interest rates, jobs and the economy

September 11, 2012
Low interest rates, jobs and the economy

3 Decades of lower interest rates   Interest rates have been trending lower the past 3 decades. At the end of the Carter administration, interest rates (as tracked by treasury notes) were an astronomical 15%. Today the treasury notes are just over 2%. The drop in interest rates to very low levels has triggered asset […]

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Moody’s to review all CA bond ratings

August 18, 2012
Moody’s to review all CA bond ratings

On Friday, August 17th, AP reports that Moody’s has floated the idea of cutting the bond ratings of all California cities. In my earlier post MH Debt and BondsĀ I mentioned that one of the things that those of us in Mountain House need to worry about are the external financial forces and how they influence […]

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