The subject this time is Illinois pensions and turmoil in Greece.
I believe a minimum of seven Illinois cities are in serious and immediate trouble, unable to meet current obligations. Numerous others cities are in serious trouble over pensions eventually.
We also discussed Greece.
I stated, as I have on my blog, that it appears Greece is stringing the Troika along, purposely giving Greek citizens time to pull deposits.
Today we learned Tax Revenue Collapses in Greece; Government Denies Capital Controls; Citizens Pull �2bn in Three Days.
Link if video does not play: Mish Comes Out Swinging on State of Illinois, Public Pensions and Greece.
Previous Interviews with Gordon Long
- April 20, 2015: America's Pension Problem: Gordon Long Interview of Mish
- October 2, 2014: Financial Repression (and How to Defend Yourself From It)
Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com
0 Comments