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How Muni Investors Can Get Around Yesterday's Detroit Default

Investors are down on municipal bonds these days, and you can certainly understand why.

I mean, when Detroit filed for bankruptcy back in July, that Michigan city's $18 billion debt made it the biggest municipal filing in U.S. history. And just yesterday, Fitch Ratings said it expects Detroit to miss payments on its general-obligation bonds that come due Oct. 1, resulting in an actual downgrade to "default" status.

And remember: Detroit was just the latest municipal bankruptcy filing.

  1. 000040727570 | September 22, 2013

    I have never invested in the Stock Mkt. before; where do I go to invest? There are many that you cannot trust.

    • (Admin) Bill Patalon | September 23, 2013

      Dear Reader:

      Thanks very much for the note. This is an excellent question. And it's one that I'm going to address in an upcoming Private Briefing column.

      So please stay tuned.

      Respectfully yours;

      William (Bill) Patalon III
      Executive Editor
      Money Morning & Private Briefing

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