Can Michael Jackson Save California’s Muni Bond ETFs?
California’s economy is in a state of turmoil, but between attractive yields on the state’s muni bond exchange traded funds (ETFs), as well as the recent passing of the King of Pop, Michael Jackson, could the economy have enough going for it to help it bounce back? Before we get into how Michael Jackson could help, Joel Kotkin for Forbes poses the question: “Who Killed California’s Economy?” He’s rounded up a list of five possible suspects. Whodunnit? • Arnold Schwarzenegger: The Terminator has lacked any consistency or authenticity, going from tough governor to ultra-green terminator to anti-liberal interest guy. Over the course of this identity crisis, high -tech jobs have left the state, while there have been huge setbacks in the construction, manufacturing, warehousing and agricultural sectors. • Public Sector: Fat pensions and unlimited political power leave many in California who don’t care about the economic environment. California’s 356,000 workers and their unions, who make up
