william the wie
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- Nov 18, 2009
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- #21
Looking at muni rates in blue states a few things are obvious:Well, now you know why Moore had to go, and he won't be the last major $100 million establishment smear job against a patriotic Senate candidate before 2020.
With IL paying 3.75% on tax exempt bonds while the Fed pays 3% taxable on the ten year treasury over and above the more general unfunded liabilities of the Blue wall the blue states are generally bad credit risks. They currently own the top 10 worst rated states for finances, which would not normally be a big deal but what is happening is the exact opposite is of what the blue wall needs
Massive out migration funded by natural disasters and homeowners insurance is having a very different effect than usual and the national economic stats is amplifying this periodic shift.
The SALT and mortgage deduction caps are making this pothole expand rapidly.
Blue states are raising taxes that are no longer deductible.
The war on regulation and the tax bill have made the Blue wall less desirable due to SALT and state/local regulation competition working against them.
Red states are generally experiencing wage push inflation it appears to be hitting double digits here in FL.
That means Fed rate hikes are going to be common until further notice.
The Blue Wall has big problems