
Next Crisis: Worldwide Government Bond Crash
Kirk Bostrom at Strategic Preservation Partners LP warns that a global government bond crash is finally under way.

Kirk Bostrom at Strategic Preservation Partners LP warns that a global government bond crash is finally under way.

San Bernardino, which owed almost $10 million on its pension bond debt ever since it declared bankruptcy in 2012, has defaulted, according to Reuters. Since September, the city has avoided dealing with the bondholders, who have been left out in the cold.