https://www.bendbulletin.com/busines...gets-for-first
https://www.marketwatch.com/story/lo...nds-2019-08-30
Interesting, how as state and local taxes skyrocket because of the government worker pension ponzi scheme that they are funneling a vast majority of it to alternative investments making companies flush hoping for miracle returns.
Interesting, how state and local governments are raising taxes and buying lots of equity in companies and making them flush with capital as opposed to investing heavily in treasury bonds like they used to which is as much more guaranteed.
Looks like state and local governments are in a panic over low-interest rates. Used to be that they could earn 7% just for putting into US-treasuries, now in the chase for high yield a vast majority goes into very cyclical equities and other alternative investments.