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alstry (35.89)

Tsunami after Tsunami Beating on the Shore

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March 03, 2009 – Comments (2)

Hidden Pension Fiasco May Foment Another $1 Trillion Bailout

With stock market losses this year, public pensions in the U.S. are now underfunded by more than $1 trillion.

That lack of funds explains why dozens of retirement plans in the U.S. have issued more than $50 billion in pension obligation bonds during the past 25 years -- more than half of them since 1997 -- public records show.

The quick fix for pension funds becomes a future albatross for taxpayers.

http://www.bloomberg.com/apps/news?pid=20601109&sid=alwTE0Z5.1EA

Isn't it strange the issues Alstry was warning you about a year ago are headlines today as the many were saying things were just fine????  The Fools that were calling Alstry too doom and gloom have scores barely above zero?????  That Alstry's blog didn't provide any decent investment advice but Alstry is now on the rim of entering the top ten CAPs players in just about a year.

Just wait for the state and municipal defaults.............and the beat goes on and on.....pretty soon everyone will be singing right along with Alstry We Got the Beat

2 Comments – Post Your Own

#1) On March 03, 2009 at 6:29 PM, alstry (35.89) wrote:

What I find amazing is that some Fools are calling we are near a bottom with headlines like these:

U.S. Steel to idle Ontario plants affecting 1,500 workers

GE seeks government partnership in new economy

United February traffic down 15.2%, capacity slides 14%

Palm warns of lower-than-expected revenue

MGM Mirage delays 10K; warns of default

Simply nonsense my friends.... we ain't seen nuttin yet......It's about time to stand up together and shout "We are not going to take it" ......as all the crap is being shoveled our way.

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#2) On March 03, 2009 at 7:21 PM, shffl (< 20) wrote:

It amazes me how so many people are calling the bottom times after times when they realize they have been wrong in every single call.

It's also funny how they are attempting to fix the economy brought down by bad debts with more debts:

http://www.marketwatch.com/news/story/New-lending-program-launched-consumers/story.aspx?guid=%7B2C3BCFDD%2DF2E4%2D446B%2DBDD2%2DFEF9BD5BDF8A%7D 

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