-- Connecting the dots between our economy, government and business --
Summary and audio linked here.
Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Full interview and summary linked here.
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Silvestri Investments must have money to burn!
knife catcher: A knife catcher is an idiot investor who buys something while its price is still dropping. Usually refers to someone who bought a house that is ‘an incredibly good deal’ just before it drops another 10 percent. Called a knife catcher as they are trying to catch a good deal, but will just probably lose their fingers as the knife goes whipping by. Example of usage: “Haw Haw Haw! They said I would never be able to sell my house in Florida in this bad economy, but some knife catcher showed up to take the turkey off my… Read more »
Wonderful description! Lol!
My wife and I once went there, there were no chrome shopping carts by the doors. What’s up with that? You have to lug around what you buy manually? How archaic.
No problem folks. Those high end retailers that are fleeing Michigan Ave will be replaced by highly profitable local businesses. Harold’s Chicken Shack #83 is moving in. La’Sha’Na’s Nail & Wig Emporium is looking for 10,000 square feet of space on the first floor, Elmo’s Fish House seeking a retail outlet near the Watertower. Problem solved
Don’t forget prime retail space for a Pawn Daddy!
https://www.youtube.com/watch?v=qmuL33DfpW8
I love pawn shops. Nothing of interest for Men at Nieman Markus. But a pawn shop, Ill be there all day!
I agree, a pawn shop can be hours of entertainment. Last time I was in Bob’s Trading Post in West Dundee. You could buy a saxophone or a gun. Circa1977.
From TheExpiredMeter.com CHI-EXIT/IL-EXIT UPDATE: After 2 Years Of Black Lives Matter Riots/Looting/Arson — Democrat Lockdown Lunacy — And A Downtown Crime Clusterf**k Of Carjackings, Robberies, Shootings And Lootings — The Once Thriving Shopping Mecca — Michigan Avenue’s Magnificent Mile — Chicago’s Economic Engine — And The Foundation Of The City’s Tax Base — Is On Life Support — And Failed Mayor Lightfoot Is Pulling The Plug – Washington Post; Neiman Marcus Mag Mile Building Sold — Will Neiman Marcus (A Store That Was Looted During The Black Lives Matter Riots — And A Store That Has Been The Repeated Target… Read more »
CHI-EXIT/IL-EXIT UPDATE: After 2 Years Of Black Lives Matter Riots/Looting/Arson — Democrat Lockdown Lunacy — And A Downtown Crime Clusterfuck Of Carjackings, Robberies, Shootings And Lootings — The Once Thriving Shopping Mecca — Michigan Avenue’s Magnificent Mile — Chicago’s Economic Engine — And The Foundation Of The City’s Tax Base — Is On Life Support — And Failed Mayor Lightfoot Is Pulling The Plug – Washington Post; Neiman Marcus Mag Mile Building Sold — Will Neiman Marcus (Looted During The Black Lives Matter Riots — And The Repeated Target Of Michigan Avenue Smash And Grabs/Mass Shoplifter Flash Mobs) Be The… Read more »
The world loves a contrarian…. Though the holding period might be measured in 3 digits before it becomes a viable asset…
Message to Silvestri, who obviously don’t read Wirepoints:
Only bet what you can afford to lose.