Silver as an investment

Category Archives: Illinois

The 11 Nations Of The United States

Via Jim Quinn's Burning Platform blog, In his fourth book, “American Nations: A History of the Eleven Rival Regional Cultures in North America,” award-winning author Colin Woodard identifies 11 distinct cultures that have historically divided the US. Yankeedom Encompassing the entire Northeast north of New York City and spreading through Michigan, Wisconsin, and Minnesota, Yankeedom values education, intellectual achievement, […]

Emerging Market Junk Debt Issuance Surges To New Record As The “Search For Yield” Intensifies

It seems that the never-ending “thirst for yield” from the world’s massive pension funds, combined with the ever-present “cash on the sidelines” problem, is driving the creation of yet another global financial bubble in emerging market junk bonds.  Alas, as the FT points out today, the world’s largest fixed income investors can’t seem to get […]

It Begins: Pension Bailout Bill To Be Introduced This Week

Over the past year we have provided extensive coverage of what will likely be the biggest, most politically charged, and most significant financial crisis facing the aging U.S. population: a multi-trillion pension storm, which was recently dubbed “one of the most heated battles of a lifetime” by John Mauldin. The reason, in a nutshell, why […]

Connecticut Becomes Last State To Pass A Budget After 123-Day Battle

Four months after the beginning of the fiscal year, Connecticut has become the last state in the US to pass a budget after Democratic Gov. Dannel Malloy signed a bipartisan budget bill, but used his line-item veto power to block a section of the nearly 900-page document related to the controversial hospital tax. The deal […]

Illinois Eyes 30 Cent Gas Tax Hike, Chicago Eyes Property Tax Hike

themaven.net / byMike Mish Shedlock / Oct 24, 2017 The Illinois legislature is in recess right now. Other than disbanding the body, that’s the best place for them. When they return, they are going after your pocketbook in the form a gas tax hike. Not to be outdone, Chicago Mayor Rahm Emanuel is pondering property tax hikes. […]

Illinois Eyes 30 Cent Gas Tax Hike, Chicago Faces Yet Another Property Tax Hike

Authored by Mike Shedlock via TheMaven.net/MishTalk, The Illinois legislature is in recess right now. Other than disbanding the body, that's the best place for them. When they return, they are going after your pocketbook in the form a gas tax hike. Not to be outdone, Chicago Mayor Rahm Emanuel is pondering property tax hikes. In […]

Amazon Has Received 238 Proposals For The Company’s Second Headquarters

Just days after we reported that in the mad dash by virtually every American city to become Amazon’s second headquarters, in which some such as New Jersey offered as much as $7 billion in state and city tax credits, today Amazon announced that that it has received 238 proposals from “cities and regions in 54 […]

Staggering Chart Shows Your Personal Share Of Your State’s Underfunded Pension

Back in March we shared the staggering results of a Bankrate survey which found that the average American household couldn’t afford to write a measly $500 check in the event of an unexpected emergency (see: “The Reality Is, Half Of Americans Can’t Afford To Write A $500 Check”).  Of course, as we note frequently, while […]

The State Of Illinois Is “Past The Point Of No Return”

zerohedge.com / by Carl Dincesen via StockBoardAsset.com / Oct 18, 2017 Summary Unless used for capital improvements, any new Illinois State borrowing, regardless of security structure, will amount to nothing more than kicking the can further down the road. Markets remain open to uncreditworthy government borrows longer than they should. In a low interest rate environment, investors will […]

Democrat AGs From 18 States Sue To Keep Obamacare Subsidies, But Who Really Benefits?

It did not take long for democrats to respond to Trump’s executive order halting key subsidies known as Cost-Sharing Reductions or CSRs to insurers. On Friday, just hours after the executive order was signed, Democratic attorneys general from eighteen states as well as Washington D.C., sued President Trump’s administration to stop him from scrapping a […]