Default risk is rising in America, as many states can’t balance their budget.
Although a state default would be unprecendeted, CDS spreads show that traders take the risk seriously. We’ve got the latest numbers from Bloomberg (via Credit Writedowns).
Are you living in the next Greece?
Massachusetts experiences a net migrations of nearly negative 10,000 people per year, which will reduce the amount of taxpayers in the state if the trend continues.
Municipal Bond Ratings (Moody's): Aa1
Nevada went nuts with next year's budget, cutting spending on education, adult care, hearing aids, speech therapy, adult diapers, and much more.
Municipal Bond Ratings (Moody's): Aa2