Michael Panzer has a nice post about state and locality pension problems at http://www.financialarmageddon.com/, 11 May 2008. I have nothing to add to his comments.
Subscribe to:
Post Comments (Atom)
skip to main |
skip to sidebar
Blog Review
I am a CPA in Texas with an MBA from the University of Chicago. I have seen a lot and made many mistakes. Hopefully by now I will have learned something from them. Just as importantly, you may learn something from my mistakes. You can e-mail me by clicking on my "View my complete profile".
Daily Reviewer Badge
Seeking Alpha Badge
2009 Internet Directory
Blog Review
Wikinvest Wire
Google Search
Labels
- AIG (62)
- Andrew Cuomo (23)
- Argentina (16)
- Bank of America (33)
- Bankruptcies and Fraudulent Transfers (89)
- Banks (227)
- Baron Bodissey (21)
- Bear Stearns (34)
- California (103)
- China (109)
- Citigroup (97)
- Commodities-Other (72)
- Corporate Governance (26)
- CPAs At Work (244)
- DOJ at Work (175)
- Economics-Macro (140)
- Economics-Micro (134)
- Economics??? (117)
- Education and Schools (66)
- Energy-Non-Oil (16)
- Experts (242)
- Exxon (10)
- FDIC (25)
- Federal Reserve (289)
- Financial Engineering (191)
- Foreign Exchange (144)
- Foreign Policy (78)
- Freddie and Fannie (55)
- Gatekeeper Failings (45)
- General Motors (17)
- Gold (86)
- Goldman Sachs (184)
- Government Deception (229)
- History Repeats (222)
- Humor (62)
- India (25)
- Insurance Companies (35)
- Interest Rates (126)
- Judges Gone Wild (41)
- Legal System Abuse (171)
- Loren Steffy (16)
- Martin Hutchinson (15)
- Merrill Lynch (43)
- Middle East (75)
- Military Affairs (117)
- Monoline Insurers (35)
- Morgan Stanley (39)
- Municipal Bonds (71)
- New York (31)
- OCC (11)
- Oil (77)
- Other (19)
- Other Central Banks (15)
- Pat Buchanan (23)
- Paul Krugman (15)
- PCAOB (31)
- Pension Problems (65)
- PIMCO (12)
- Potential Disasters (130)
- Principal and Agent (103)
- Prisons and Prisoners (51)
- Prosecutorial Indescretion (54)
- Questionable Official Statistics (66)
- Rating Agencies (124)
- Real Estate (73)
- Russia (76)
- SEC At Work (264)
- Society and Culture (152)
- Spengler (27)
- Supreme Court (61)
- Tax Matters (119)
- Texas (41)
- UBS (34)
- US Government Policy (210)
- Wachovia (14)
- Wall Street Nonsense (202)
- Whistleblowers (47)
Stat Counter
Other Interesting Websites
- American Thinker
- Asia Times
- Beacon
- Becker-Posner Blog
- Bent Society
- Brussels Journal
- Drudge Report
- First Things
- Front Page Magazine
- Gates of Vienna
- Gene Expression
- Grits For Breakfast
- Half Sigma
- Intellectual Conservative
- Lew Rockwell
- Ludwig Von Mises Institute
- MBA Explorer
- Money Jihad
- Overcoming Bias
- Pestilence Place
- Pravda
- Random History
- Real Clear Politics
- Robert Reich
- TCS Daily
- Thinking Housewife
- Tick Marks
- Townhall
- Unqualified Reservations
- V Dare
- William Anderson
Useful Financial Websites
- Accounting Onion
- Calculated Risk
- Dark Cloud
- Decline and Fall
- Doctor Housing Bubble
- Economist's View
- Financial Armageddon
- Financial Sense
- Gold Eagle
- Interfluidity
- Jesse's Cafe Americain
- Jr Deputy Accountant
- Kitco
- Macroeconomic Resilience
- MarketObservation
- Mineweb
- Miningpedia
- Mish's Global Economic TA
- Naked Capitalism
- Prudent Bear
- Re: The Auditors
- RGE Monitor
- Seeking Alpha
- Sudden Debt
- The Gold Bug
- W.C. Varones
Blog Archive
- July 2010 (12)
- June 2010 (62)
- May 2010 (58)
- April 2010 (30)
- March 2010 (42)
- February 2010 (61)
- January 2010 (64)
- December 2009 (72)
- November 2009 (65)
- October 2009 (67)
- September 2009 (63)
- August 2009 (69)
- July 2009 (66)
- June 2009 (65)
- May 2009 (66)
- April 2009 (65)
- March 2009 (70)
- February 2009 (63)
- January 2009 (74)
- December 2008 (69)
- November 2008 (76)
- October 2008 (75)
- September 2008 (71)
- August 2008 (73)
- July 2008 (75)
- June 2008 (62)
- May 2008 (61)
- April 2008 (56)
- March 2008 (61)
- February 2008 (65)
- January 2008 (65)
- December 2007 (59)
- November 2007 (72)
- October 2007 (45)
- September 2007 (18)
- August 2007 (15)
- July 2007 (12)
1 comment:
My thinking is that average Americans will be up to their eyeballs in debt, the gubbermint too. They will sell off the plumbing in the house to the Chinese and such. House prices will go down but the uber wealthy will keep stealing hand over fist. The deflation will be for the chumps, the real money is in the top 1%, and they own the system. Therefore, ergo, they will never lose, because the gubbermint will make sure they don't lose. Until I see evidence that the uber-wealthy in this country are losing vast sums I doubt the deflation argument. Even if we enter the GD2, the wealthy will still have their millions and billions. Best of everything.
Post a Comment