"As the assets shrink, the pension funds go into a financial death spiral.We might end up with some kind of Puerto Rico-style pseudo-bankruptcy or federal bailout. Everybody in the nation is now on the hook for Illinois politicians’ irresponsible decisions.
The Humble community has contributed over $151 million to charity since 2010, making an amazing difference to causes all over the world.
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"It doesn’t have a lot of ammunition to cut rates, and so I think we’ll get to zero relatively quickly.And we’ll stay there until the Fed completely loses control of this thing.