Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
If you think this month has been bad, look at what next month will be like:
"OCTOBER: This is one of the peculiarly dangerous months to speculate in stocks in. The other are July, January, September, April, November, May, March, June, December, August, and February." - Pudd'nhead Wilson's Calendar
Ted probably got sick, after reading about the property tax hike being proposed for the Chicago budget next year (unbelievable!). And who wouldn't?
http://abc7chicago.com/news/budget-director-city-property-tax-hike-plan-not-enough-/1006710/ Mayor Rahm Emanuel's proposed $543 million property tax hike may not be enough to resolve all of Chicago's unfunded pension debt, the city's budget director told alderman on Monday. "We're going to need Plan B," said Alexandra Holt, the city's budget director. "We're going to have to come up with some sort of alternative." The $543 million annual increase that is part of Emanuel's plan - phased in during the next four years -- would shore up only police and firefighter pensions, Holt said. The separate retirement system for municipal workers and laborers would remain billions underwater.
Comments
If you think this month has been bad, look at what next month will be like:
"OCTOBER: This is one of the peculiarly dangerous months to speculate in stocks in. The other are July, January, September, April, November, May, March, June, December, August, and February."
- Pudd'nhead Wilson's Calendar
Derf
Regards,
Ted
http://abc7chicago.com/news/budget-director-city-property-tax-hike-plan-not-enough-/1006710/
Mayor Rahm Emanuel's proposed $543 million property tax hike may not be enough to resolve all of Chicago's unfunded pension debt, the city's budget director told alderman on Monday. "We're going to need Plan B," said Alexandra Holt, the city's budget director. "We're going to have to come up with some sort of alternative."
The $543 million annual increase that is part of Emanuel's plan - phased in during the next four years -- would shore up only police and firefighter pensions, Holt said. The separate retirement system for municipal workers and laborers would remain billions underwater.
Tick tock, tick tock:
http://blogs.barrons.com/incomeinvesting/2015/09/29/will-underfunded-city-pensions-lead-to-crippling-social-problems/?mod=BOL_hp_blog_ii
@ Ron: Can a fish live out of the water?