[CAMWEST-discuss] Fed Agrees With Citigroup on $3.7 Trillion Municipal Debt-Market Estimate

Danny Hannan danny_hannan at yahoo.com
Thu Dec 8 21:42:35 UTC 2011

G'day all,
Remember I said there was a peak of bond maturity for 2012 that is going to cause problems for banks etc.

This article only treats the local governments in the USA but the problem is right across western economies.

This is in addition to the debt of the US federal government of nearly US$15 trillion.  But does not include the debt of the US states which is also substantial.  And unfortunately Europe is in a more immediately worse debt situation.  

danny_hannan at yahoo.com
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