I’ll respectfully disagree. Illinois raised 3.7 Billion this week to pay into unfunded pension liabilities. The problem with that is the teachers union alone in Illinois in underfunded by 40 billion. That may be the biggest but its just one of many. Repeat that story across many other states and you’ll see the magnitude of the problem. States increase taxes and its much more difficult for cities to do it. I don’t think the house will allow the sort of unfettered rescue we have seen in the past either.
I didn’t say there wasn’t ANY risk. There is in all investing.
But the fears being raised about the muni market are way over the top.
Don’t fall for this.