Tag: U.S. Bond Crisis
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The Bond Crisis Comes Home: Why NYC, LA, and America’s Big Blue Cities Will Be Hit Hardest
America’s richest cities—New York and Los Angeles included—are standing directly in the blast radius of the coming U.S. Bond Crisis. For years, municipal leaders borrowed heavily on 20- and 30-year bonds to finance infrastructure, pensions, and politically convenient “renewables,” while enormous slices of the capital quietly disappeared into the hands of consultants, middle-men, and politically…