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Standard & Poors downgrades Oxnard (again)

Standard & Poors downgrades Oxnard (again)

By George Miller Rating agency Standard & Poors downgraded Oxnard’s General Fund from A to A-. They cited a number of factors which impelled them to do this, but also pointed out some positive developments. Part of S&P summary: S&P Global Ratings lowered its long-term rating to ‘A-‘ from ‘A’ on the Oxnard Financing Authority, […]

The last time this happened the market crashed

The last time this happened the market crashed

By Simon Black, April 21, 2017 Sovereign Valley Farm, Chile A few days ago Charles Schwab, the investment brokerage firm, announced that the number of new brokerage accounts soared 44% during the first quarter of 2017. More specifically, Schwab stated that individual investors are opening up stock trading accounts at the fastest pace the company […]

How safe are top US banks?

How safe are top US banks?

.   Recently I was having drinks with a friend of mine who is an ultra-successful US real estate developer and investor. He told me that his team had just closed a large real estate transaction worth hundreds of millions of dollars, and they got a sweetheart deal from the bank. The bank is loaning […]

Oxnard Bond ratings released

Oxnard Bond ratings released

By George Miller The Oxnard City Manager’s office sent the latest wastewater and water bond ratings to us.   Download Wastewater Water   Bond ratings are closely watched by lenders. While there was a slight reduction in creditworthiness, it won’t have a large impact on ratepayers, rates or the city’s ability to borrow for large upcoming […]

Market crash or …?

Market crash or …?

By George Miller The Dow-Jones was down well over 1000 points this morning as a selling frenzy comtinued from last week. It recovered somewhat and dipped again. The activity is being attributed to trouble in the Chinese economy and markets, but since those are so strongly linked to the U.S. and European economy via exports, that may not be a […]

Controller claims California’s Credit Rating Upgraded to Highest Level in 14 Years

Controller claims California’s Credit Rating Upgraded to Highest Level in 14 Years