Wednesday, July 1, 2009

THE COMING PENSION DEBACLE BEING IGNORED...?

BETWEEN THE COLLAPSE OF STATE BUDGETS...IN THE THIRD QUARTER OF 2009.

AND THE COMING PENSION DEBACLE...AT MANY LARGE COMPANIES...NOW BANKRUPT.

ANY NOTION THAT THIS DEPRESSION IS OVER...SEEMS NAIVE AND BASED ON SOME KIND OF WISHFUL THINKING...