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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Sr K who wrote (83806)8/26/2008 1:38:30 AM
From: mishedlo  Read Replies (1) of 116555
 
I understand that. OTOH they are not expecting tax receipts until Dec and they clearly did not expect to have to tap that CD.

The costs will stay, the revenue will not. As is, the city is insolvent IMO.

Mish
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