Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Crimson Ghost who wrote (74928)	2/19/2008 7:40:06 PM
From: mishedlo	Read Replies (1) \| Respond to of 116555

Vallejo California On Brink Of Bankruptcy globaleconomicanalysis.blogspot.com The city of Vallejo just fired one huge warning shot for a situation that is going to play out nationwide. Unions will not like this one bit but the decision is eventually going to come down to taking a shot at payouts in bankruptcy proceedings or dramatically reducing pay scales and pension benefits. Even if Vallejo avoids bankruptcy now, the issue is likely to resurface down the road, and not just at Vallejo, but across the nation. ..... Mish