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  • #91
    Originally posted by Hauldren Collider View Post
    I know, I personally find California's near-bankruptcy downright hilarious!
    Almost as hilarious as the US' credit rating. lol third world.
    "The issue is there are still many people out there that use religion as a crutch for bigotry and hate. Like Ben."
    Ben Kenobi: "That means I'm doing something right. "

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    • #92
      Originally posted by Hauldren Collider View Post
      I know, I personally find California's near-bankruptcy downright hilarious!
      I think s/hilarious/profitable/ actually.

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      • #93
        Originally posted by Kuciwalker View Post
        I think s/hilarious/profitable/ actually.
        Gimme Yield or Gimme Death
        "I hope I get to punch you in the face one day" - MRT144, Imran Siddiqui
        'I'm fairly certain that a ban on me punching you in the face is not a "right" worth respecting." - loinburger

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        • #94
          He is talking about his job, not bond yields. Crappy union pension plans are most of his business.
          Last edited by Hauldren Collider; November 2, 2012, 13:34. Reason: typo
          If there is no sound in space, how come you can hear the lasers?
          ){ :|:& };:

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          • #95
            Originally posted by Hauldren Collider View Post
            He us talking about his job, not bond yields. Crappy union pension plans are most of his business.
            What do you think those pensions invest in?
            "I hope I get to punch you in the face one day" - MRT144, Imran Siddiqui
            'I'm fairly certain that a ban on me punching you in the face is not a "right" worth respecting." - loinburger

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            • #96
              Not usually a whole lot of state/municipal debt.

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              • #97
                Originally posted by Kuciwalker View Post
                Not usually a whole lot of state/municipal debt.
                Really? Who does invest in it?
                "I hope I get to punch you in the face one day" - MRT144, Imran Siddiqui
                'I'm fairly certain that a ban on me punching you in the face is not a "right" worth respecting." - loinburger

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                • #98
                  Usually munis are packaged into financial instruments to distribute risk. State bonds are invested in by people seeking a higher yield than federal bonds, I assume.
                  If there is no sound in space, how come you can hear the lasers?
                  ){ :|:& };:

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                  • #99
                    http://en.wikipedia.org/wiki/CalPERS is a good example of a major pension plan, and they certainly invest in publicly traded companies over munis. They're a bit extreme of course.
                    <Reverend> IRC is just multiplayer notepad.
                    I like your SNOOPY POSTER! - While you Wait quote.

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                    • Originally posted by MRT144 View Post
                      Really? Who does invest in it?
                      I believe mostly wealthy individual investors who can benefit from the tax exemption on munis. That same exemption makes them inferior investments for institutions that are already tax-exempt, like pension funds, because it is priced into the yield.

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                      • With that set of criteria, probably the only locations worth your time are Silicon Valley and NYC. Good luck!
                        I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891

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                        • Stay away from NYC

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                          • Honestly, that is a distinct advantage. Cheap ultra fast internet is hard to find in most of America and KC has the best of the best. Other countries have managed to do this for even their rural areas but so far the US is middling in most cities and pathetic in rural areas. KC won big with that one.

                            When Google had their competition to see which city would be first to get Google Fiber (and thus become their ultra high speed internet hub) even the local paper and websites here in San Diego were trying to organize an email campaign to convince Google but they seemed to like what they saw in KC because KC won the contest.
                            Try http://wordforge.net/index.php for discussion and debate.

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                            • Originally posted by regexcellent View Post
                              Screw California and the Northeast. They have the worst government and the worst people.
                              Yet despite the Republican claims that some how they are better at the economy the red states don't even show up on the score board other than one blip in the single most liberal part of Texas. Heck, it's pretty routine for Texans to complain that Austin isn't really Texas and that those dirty liberals in Austin should all just move back to California or New York.

                              Face it, son, that's where innovation happens and where economic break throughs happen.
                              Try http://wordforge.net/index.php for discussion and debate.

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                              • What the hell are you talking about Oerdin? Houston and Dallas are huge economic engines. And that's just Texas. Besides, I'm not just talking about the South. There are tons of cities in the Midwest.

                                I'm saying that California and the Northeast are the worst managed parts of the country. They are.

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