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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: John Vosilla who wrote (44687)1/18/2006 2:08:57 AM
From: mishedlo  Respond to of 116555
 
Public workers' pensions swelling
By Dennis Cauchon, USA TODAY
Public employee pensions have become increasingly generous since 2000, promising a more comfortable retirement for civil servants but a serious financial challenge for future taxpayers.
The beefed-up pension benefits come at a time when the pension funds' financial health has deteriorated and private pensions have been scaled back
....
usatoday.com



To: John Vosilla who wrote (44687)1/18/2006 2:14:42 AM
From: regli  Read Replies (4) | Respond to of 116555
 
John, I think you are wrong. Though housing in Danville, IL might not fall in nominal dollars it will fall severely in inflation adjusted dollars.

I am interested in buying a house in Nova Scotia and based on what I saw last year, you can likely buy an existing house for 1/3 of the price of building if not less. A depressed area without jobs depresses housing prices quite a lot!


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