US Cities Face Half a Trillion Dollars of Pension Deficits As I mentioned back in March… municipal debt mostly in the form of unfunded pensions is going to become a monster issue over the next 18 months or so. You are going to see cities going bankrupt or getting bailouts. As bad as it is [...]
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Still buying municipial bonds?
October 12, 2010
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Know When to Hold ‘Em
May 19, 2010
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Via Kenny Rogers… You got to know when to hold ‘em, know when to fold ‘em, Know when to walk away and know when to run. You never count your money when you’re sittin’ at the table. There’ll be time enough for countin’ when the dealin’s done. While I don’t consider trading stocks to be [...]
Spill Impact Measured in Trillions?
May 3, 2010
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Reading more about the spill over the weekend.. the situation looks much worse than it did on friday. The visible surface area of the spill has grown much faster over the last few days than it should have if it were leaking at the rate of 5k barrels a day. The fear is that the [...]
Is BP toast?
May 1, 2010
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As BP is my favorite integrated oil company I’ve been following this gulf story closely. It certainly sounds like this mess with the blown well is going to take a long time.. maybe months to fix and you just know it’s going to be a daily story. Of course BP is insured.. and there are [...]
