Market Talk – May 8, 2025
ASIA: The major Asian stock markets had a mixed day today: • NIKKEI 225 increased 148.97 points or 0.41% to 36,928.63 • Shanghai increased 9.33 points or 0.28% to 3,352.00 [...]
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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I have stated that the first WTC terrorists drew the Twin Towers with planes going into them in advance of 9/11. I have also said in conversations with Bill Kristol [...]
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Oil refinery Valero has opted to close its operations in California due to excessive regulations on energy. Located in the small city of Benicia, the town is expected to lose [...]
