Monday Dec 20 2010
Here is the link to the 60 minutes show about the looming muni debt crisis. Pensions are collectively underfunded by one trillion dollars.
http://www.businessinsider.com/60-minutes-on-state-budgets-2010-12
We have also written a good deal about this, since Nov 15 the WSJ has noted the outflow of money from bond funds and now to equities, the worst choice of all.
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