More High-Yield Muni Borrowers Are Defaulting but Investors Still Want In

Tricky assignment: the light gets super hard out here by 9 am, so I arranged to get out there at the mine several hours before sunrise when the crew usually arrives to make images of some of the labor that goes on at this mine. But on this day, there was essentially no crew, no movement, and of course no light at all. In fact, the only reason anyone was there at all was to make sure I didn’t wander into a machine and die. So I made do as best I could. Eventually the light sweetened and then got super rich as it lit up the surrounding mountains. I got lucky. There’s a collage of some images that didn’t run on my instagram.