MuniLand

Couple years ago I wrote about trash as an indicator for U.S. GDP. Here is something to keep an eye on this Q:twitpic.com/abugye

— Michael McDonough (@M_McDonough) July 26, 2012

Hat tip: Business Insider.

Good Links

Fiscal Times: 5 percent of Americans spend 50 percent of healthcare dollars

SEC: Report on the municipal securities market

Reuters: SEC seeks more investor protections for U.S. municipal bond market

Bond Buyer: SEC muni report seeks 15 major legislative, regulatory changes

WSJ: SEC seeks controls on muni market

NASRA Issue Brief: Public-pension-plan investment return assumptions

ZeroHedge: On the financial press

Fox News: Unions essentially owned Vallejo’s leaders, whom they helped get elected.

@Twitter Talk

The Cartel: Behind the Scenes in the Libor Interest Rate Scandal spon.de/adICL via @spiegelonline

— Anjuli (@AnjuliDavies) August 1, 2012

June #muni issuance was ~$40.7 billion, with most of the new supply in refunding issues bit.ly/QVakls #DailyStat

— BlackRock® (@blackrock) July 31, 2012

TX paper examines application of financial economics to discounting of #pension liabilities at a risk-free rate bit.ly/Ozk4C2

— Pension Dialog (@PensionDialog) July 31, 2012

Unsecured creditors ally with bankrupt #Alabama county reut.rs/PlDwk3

— Reuters Legal(@ReutersLegal) August 1, 2012