Tag Archives: Public Pensions

The Clash of Generations Cometh

Posted on February 8, 2017 by macromon

The Times They Are a-Changin’, Come mothers and fathers Throughout the land And don’t criticize What you can’t understand Your sons and your daughters Are beyond your command Your old road is rapidly agein’ Please get outta’ the new one … Continue reading →

Posted in Politics | Tagged , | 19 Comments

“Fort Sumter” Opens Fire: Battle for the Public Sector Is On

Posted on February 11, 2011 by macromon

The battle for the public sector is on.  The Governor of Wisconsin just announced what amounts to be the abolishment of public sector unions in his state.   What an incredible contrast of the health of the private sector x/banks, reflected … Continue reading →

Posted in Bonds, General Interest, Muni Market, State and Local Government | Tagged , , , | Leave a comment

State and Local Governments, Man Your Battle Stations!

Posted on January 6, 2011 by macromon

Take a look at the new cover of the Economist. We have been all over the coming “battle royal” between the state and local governments and their public sector unions, but not as much as Mike Shedlock over at the … Continue reading →

Posted in Black Swan Watch, Bonds, Budget Deficit, Muni Bonds, Muni Market, Sovereign Risk | Tagged , , , | 1 Comment

Outrage Grows Over Public Sector Unions – NY Times

Posted on January 2, 2011 by macromon

We’ve posted how underfunded state and local pensions are going to be a huge economic and political issue in 2011.   Go no further than the New Year’s Day NY Times article, Across the nation, a rising irritation with public … Continue reading →

Posted in Muni Bonds, Policy, Politics, Sovereign Risk | Tagged , , , | 5 Comments