Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!

In this Discussion

Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.

    Support MFO

  • Donate through PayPal

California to run out of cash in 1 month

edited January 2012 in Off-Topic
http://www.zerohedge.com/news/california-run-out-cash-one-month-controller-warns

"California will run out of cash by early March if the state does not take swift action to find $3.3 billion through payment delays and borrowing, according to a letter state Controller John Chiang sent to state lawmakers today. The announcement is surprising since lawmakers previously believed the state had enough cash to last through the fiscal year that ends in June."

D'oh.

And yet, CA muni CEFs generally around 52 wk highs.

Comments

Sign In or Register to comment.