Thursday, December 8, 2016

FRIDAY 12/9/16; Cascading Global Rally Continues; ECB Aftermath; Did President Draghi ‘Taper’?; ECB Rejects Monte dei Paschi Request for a Funding Deadline Extension; MTN; Consumer Sentiment; Wholesale Trade; SPX, INDU, COMPQ, RUT and TRAN All-Time Record Highs

The stock markets are rejoicing to new 

[Text is redacted. Purchase the 2016-12 chronology to enjoy December's economic and market history.]

a rate that will send the fund into insolvency in 10 years. Dallas needs to get a handle on the problem before it bankrupts the city. Other cities face similar dilemmas and if a recession hits, and the tax base is reduced (money coming in from taxes paid by workers and businesses), the situations will quickly worsen. Cities will require bailouts in the future.

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.