Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Municipal bonds are not a "safe dollar asset", that would be the US treadury debt.

That's why US municipal bond insurance exists (remember AIG?).

Or do you mean there's no "safe Euro asset"?

I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS

by Migeru (migeru at eurotrib dot com) on Thu Mar 14th, 2013 at 01:24:07 PM EST
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