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 











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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.