Market Talk – January 10, 2025
ASIA: The major Asian stock markets had a negative day today: • NIKKEI 225 decreased 414.69 points or -1.05% to 39,190.40 • Shanghai decreased 42.87 points or -1.33% to 3,168.52 [...]
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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