Dire states: muni-bond default estimate $100 billion

Move over Meredith Whitney. Another famed strategist is predicting that the municipal bond market is facing terrible woes. ”A consulting firm founded by economist Nouriel Roubini said there

could be close to $100 billion of municipal-bond defaults over the next five years,” writes the Wall Street Journal. Of course they don’t call Roubini Dr. Doom for nothing. He skews a tad

bearish. Seems like a good time for a second (or third) opinion. For that, we turn to another famed Wall Street figure; muni bond investor Alexandra Lebenthal, of Lebenthal & Company.

What does she have to say? Watch the video now! ______________________________________________________ Got something to to say? Send us an e-mail at [email protected] and your comment

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