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: Nixpix who wrote (107646)	2/1/2010 11:46:59 AM
From: mishedlo	2 Recommendations Read Replies (1) \| Respond to of 116555

St. Louis Fed: US Deflation No Longer A Risk globaleconomicanalysis.blogspot.com If you think the Fed is a contrarian indicator, your hair may be standing straight up after you read this: James Bullard a voting member of the Fed says US deflation no longer seen as a risk. ... Mish

To: Nixpix who wrote (107646)	2/1/2010 11:56:03 AM
From: benwood	2 Recommendations Read Replies (3) \| Respond to of 116555

Maybe the taxpayers should build a new city 10 miles away and move there, and let the original city go BK. That's only partly in jest. I said years ago that I thought people would flee cities where the infrastructure maintenance costs would be sky high due to stadiums, tunnels, replacement water and sewer systems, etc. I wasn't thinking of pensions back then, but that will obviously be a huge driver, too. People will relocate because they'll be able to save 50% on property taxes, and they will be happier eating than paying taxes. This setup of a city/county/state's structural costs being high and causing an exodus of citizens is no different than a country's cost structure being high and causing an exodus of jobs.

To: Nixpix who wrote (107646)	2/1/2010 2:27:20 PM
From: roguedolphin	2 Recommendations Respond to of 116555

<<"How can a city afford to pay someone who is 60 years old a full pension for the rest ot their life.... and who authorized people to buy years they never worked and get a pension for it. Its wrong!! I believe its 30% of our budget is pensions. I could be wrong, but I think that is what it is. I remember reading it and thinking...know wonder we have so many problems. The money is going to pensions instead of services and no one owes someone else a free ride.....">> EXCELLENT POINTS! And now we see the use of increased leverage and very very risky behavior by pension funds to try to fulfill unfulfillable promises. And then we have the "WINDFALL" profit potential(and lure of criminality/sabotage to make payoff) of the Catastrophe bond insurance Game being "played" by some of the pension funds. Very ominous.