Taxpayers on the Hook for $3 Trillion in Pensions
State pensions are in a world of hurt, and you and I will be subsidizing them in the future. Do you think this will cause some slowdown in state revenues and resources? Of course.
Dark Side of Deficits
Does the economy and the stock market go in sync? Is one a leading indicator for the other?
How do you value the stock market? Forward P/Es or Reported P/Es?
And how will our current deficits affect the answers to all these questions?
This is one of the best articles of the year, packed with information for you to fully understand our current situation. For your convenience, I’ve highlighted what I think is most important.
100 Year Bonds — Signs of Trouble
How about 100 years?
Norfolk Southern is issuing a 100 year bond that will mature in 2110!
Is this a good or bad sign?