Why the Latest S&P Downgrade of New Jersey is a Big Deal

downgrade of new jersey
The sad part is, I don’t think I’m being too hyperbolic comparing the future of New Jersey’s finances to the explosion of the Hindenburg, which coincidentally happened in New Jersey

The ratings agency Standard & Poor’s recently downgraded the state of New Jersey once again. This downgrade is far more perilous to the municipal bond market than average investors realize. As a former municipal bond trader myself, here’s my take on what the downgrade of New Jersey means for¬†investors and residents of the state. Continue reading “Why the Latest S&P Downgrade of New Jersey is a Big Deal”