Market Talk – April 19, 2024
ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 1,011.35 points or -2.66% to 37,068.35 Shanghai decreased 8.96 points or -0.29% to 3,065.26 Hang [...]
Run on Dallas Pension Fund – Mayor Asks To Suspend Withdrawals
mayor-rawlings
The Mayor of Dallas, Mike Rawlings, sent a letter on the 29th asking for an immediate suspension of lump-sum withdrawals from the Dallas Police and Fire Pension Fund. There is a run on the pensions because people are realizing that there will be nothing there. The troubled pension fund will be insolvent by 2028 at the current level. The politicians are banking on a taxpayer bailout to save it.
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Homelessness Epidemic: the Public Sector is a Welfare Program
https://www.armstrongeconomics.com/wp-content/uploads/2024/04/PublicSectorEmployee.Homelessness.mp4 California’s homeless crisis proves the public sector is a welfare program and political tool. The California State Auditor released a report this month that reveals California’s programs to [...]
Does China Control America’s Strategic Petroleum Reserves?
Sen. Eric Schmitt, R-Mo. Reminded the US Energy Secretary, Jennifer Granholm, “We are not governed by a world government – yet!” The Biden Administration consulted with China before selling off [...]
To Those Mocking Safe Havens
A word to individuals who mock those looking for safe havens. We do not realize how lucky we are to live in America, Canada, or elsewhere during this current time [...]
