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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 421.29-0.5%Jan 16 4:00 PM EST
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To: koan who wrote (120549)6/30/2016 3:07:31 PM
From: Snowshoe  Read Replies (1) of 219525
 
Alaska has wasted billions on dubious megaprojects, so I'm glad to see him killing off the Susitna Dam and Knik Arm Crossing. He also dialed back the oil industry incentives, cut state-funded road construction projects and departmental budgets, etc.

Average annual dividend over the past ten years has been less than $1500, so capping the dividend at $1000 is not that much of a cut. I expect further cuts in future years, so folks overly dependent on the dividend may have to consider moving out of the state.

We have a terrible financial crisis, and times have changed. This is going to be brutal.
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