Doug Noland’s Credit Bubble Bulletin
August 28 – Reuters (Carlos Ruano and Jesús Aguado): “America’s 50 state governments owe $4.19 trillion, including outstanding bonds, unfunded pension commitments and budget gaps, according to a new report. At $617.6 billion, California had by far the biggest total debt, more than twice the total of No. 2, New York, with $300.1 billion [...]
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