Tag Archives: State budgets

State Govts on Fumes

Posted on May 17, 2011 by icliks

Meredith Doubles Down: Move Over Munis, Here Comes The “Hidden State Financial Crisis” by Tyler Durden on 05/17/2011 … Meredith Whitney: The Hidden State Financial Crisis, posted in the WSJ Next month will be pivotal for most states, as it … Continue reading →

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U.S. States $2 Trillion Short

Posted on January 22, 2011 by icliks

States Warned of $2 Trillion Pensions Shortfall Tuesday, 18 Jan 2011 Nicole Bullock, Financial Times US public pensions face a shortfall of $2,500 billion that will force state and local governments to sell assets and make deep cuts to services, … Continue reading →

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U.S. Reaches Point of no Return

Posted on January 19, 2011 by icliks

Point of No Return; Fiscal Shell Games; Texas to Cut 8,000 Jobs; Deep Layoffs in NJ; Mayor Recall Vote in Miami; Oregon Workers’ Comp Bankruptcy Mish Shedlock January 18, 2011 Call it a Day of Reckoning or a Point of … Continue reading →

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Dollar Doom Indicators

Posted on September 7, 2010 by icliks

U.S. Dollar Now Ripe For Catastrophic Devaluation Giordano Bruno Neithercorp Press August 9, 2010   <===Notice the date. … There is now nothing preventing a steady and precipitous fall in the Greenback over the next six months or more. Below are many … Continue reading →

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What’s that Light? A Train?

Posted on April 13, 2010 by icliks

IMF Prepares For Global Cataclysm, Expands Backup Rescue Facility By Half A Trillion For “Contribution To Global Financial Stability” Tyler Durden on 04/12/2010 And all the pundits thought that the IMF would be on the hook for just €10 billion… … Continue reading →

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US – Tough Sledding Ahead

Posted on March 10, 2010 by icliks

Andy Beal Conjectures Harsh Market Ahead March 1, 2010 Lots of people claim to have seen the financial crisis coming, but few actually banked on it. Andy Beal did. … So what is Beal’s current outlook? We are back in … Continue reading →

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