[bsrsharma]

The important lesson here is : California Problem + a few years = US problem. We are seeing US budget problem being played out for 2019.

[bsrsharma]

California essentially bankrupt

Deficit forces California to issue IOUs

http://www.ft.com/cms/s/0/1940d18e-64cf-11de-a13f-00144feabdc0.html

States brace for shutdowns

http://www.latimes.com/news/nationworld/nation/la-na-shutdown30-2009jun30,0,1912245.story?track=rss

This is a big story for another reason. Whatever happens in CA will usually spread to the nation. We should expect CA problem of today to be US problem in less than 10 years. My guess is, by 2020, a major buyer of treasuries will be the Fed.

[bsrsharma]

California essentially bankrupt

Deficit forces California to issue IOUs

http://www.ft.com/cms/s/0/1940d18e-64cf-11de-a13f-00144feabdc0.html

States brace for shutdowns

http://www.latimes.com/news/nationworld/nation/la-na-shutdown30-2009jun30,0,1912245.story?track=rss

This is a big story for another reason. Whatever happens in CA will usually spread to the nation. We should expect CA problem of today to be US problem in less than 10 years. My guess is, by 2020, a major buyer of treasuries will be the Fed.

[bsrsharma]

California essentially bankrupt

Deficit forces California to issue IOUs

http://www.ft.com/cms/s/0/1940d18e-64cf-11de-a13f-00144feabdc0.html

States brace for shutdowns

http://www.latimes.com/news/nationworld/nation/la-na-shutdown30-2009jun30,0,1912245.story?track=rss

This is a big story for another reason. Whatever happens in CA will usually spread to the nation. We should expect CA problem of today to be US problem in less than 10 years. My guess is, by 2020, a major buyer of treasuries will be the Fed.

[bsrsharma]

California essentially bankrupt

Deficit forces California to issue IOUs

http://www.ft.com/cms/s/0/1940d18e-64cf-11de-a13f-00144feabdc0.html

States brace for shutdowns

http://www.latimes.com/news/nationworld/nation/la-na-shutdown30-2009jun30,0,1912245.story?track=rss

This is a big story for another reason. Whatever happens in CA will usually spread to the nation. We should expect CA problem of today to be US problem in less than 10 years. My guess is, by 2020, a major buyer of treasuries will be the Fed.

[bsrsharma]

California essentially bankrupt

Deficit forces California to issue IOUs

http://www.ft.com/cms/s/0/1940d18e-64cf-11de-a13f-00144feabdc0.html

States brace for shutdowns

http://www.latimes.com/news/nationworld/nation/la-na-shutdown30-2009jun30,0,1912245.story?track=rss

This is a big story for another reason. Whatever happens in CA will usually spread to the nation. We should expect CA problem of today to be US problem in less than 10 years. My guess is, by 2020, a major buyer of treasuries will be the Fed.

[bsrsharma]

Nortel to sell itself off in pieces

Nokia Siemens buying Nortel wireless units, Nortel to liquidate

TORONTO (AP) — Nortel Networks, once a technology giant, has decided to sell itself off in pieces rather than attempt to emerge from bankruptcy as a restructured company.

Nokia Siemens Networks agreed to buy some wireless operations of Canada’s Nortel Networks Corp. in a $650 million deal as the more than century-old Nortel announced it is looking for buyers for the rest of its assets.

The Finnish-German joint venture said Saturday it had agreed to buy the CDMA and LTE wireless technology assets of Nortel, a former telecommunications equipment powerhouse that sought bankruptcy protection in January and now plans to liquidate its business…….

http://finance.yahoo.com/news/Nortel-to-sell-itself-off-in-apf-1349608260.html?x=0&sec=topStories&pos=3&asset=&ccode=

[bsrsharma]

Nortel to sell itself off in pieces

Nokia Siemens buying Nortel wireless units, Nortel to liquidate

TORONTO (AP) — Nortel Networks, once a technology giant, has decided to sell itself off in pieces rather than attempt to emerge from bankruptcy as a restructured company.

Nokia Siemens Networks agreed to buy some wireless operations of Canada’s Nortel Networks Corp. in a $650 million deal as the more than century-old Nortel announced it is looking for buyers for the rest of its assets.

The Finnish-German joint venture said Saturday it had agreed to buy the CDMA and LTE wireless technology assets of Nortel, a former telecommunications equipment powerhouse that sought bankruptcy protection in January and now plans to liquidate its business…….

http://finance.yahoo.com/news/Nortel-to-sell-itself-off-in-apf-1349608260.html?x=0&sec=topStories&pos=3&asset=&ccode=

[bsrsharma]

Nortel to sell itself off in pieces

Nokia Siemens buying Nortel wireless units, Nortel to liquidate

TORONTO (AP) — Nortel Networks, once a technology giant, has decided to sell itself off in pieces rather than attempt to emerge from bankruptcy as a restructured company.

Nokia Siemens Networks agreed to buy some wireless operations of Canada’s Nortel Networks Corp. in a $650 million deal as the more than century-old Nortel announced it is looking for buyers for the rest of its assets.

The Finnish-German joint venture said Saturday it had agreed to buy the CDMA and LTE wireless technology assets of Nortel, a former telecommunications equipment powerhouse that sought bankruptcy protection in January and now plans to liquidate its business…….

http://finance.yahoo.com/news/Nortel-to-sell-itself-off-in-apf-1349608260.html?x=0&sec=topStories&pos=3&asset=&ccode=

[bsrsharma]

Nortel to sell itself off in pieces

Nokia Siemens buying Nortel wireless units, Nortel to liquidate

TORONTO (AP) — Nortel Networks, once a technology giant, has decided to sell itself off in pieces rather than attempt to emerge from bankruptcy as a restructured company.

Nokia Siemens Networks agreed to buy some wireless operations of Canada’s Nortel Networks Corp. in a $650 million deal as the more than century-old Nortel announced it is looking for buyers for the rest of its assets.

The Finnish-German joint venture said Saturday it had agreed to buy the CDMA and LTE wireless technology assets of Nortel, a former telecommunications equipment powerhouse that sought bankruptcy protection in January and now plans to liquidate its business…….

http://finance.yahoo.com/news/Nortel-to-sell-itself-off-in-apf-1349608260.html?x=0&sec=topStories&pos=3&asset=&ccode=

[bsrsharma]

Nortel to sell itself off in pieces

Nokia Siemens buying Nortel wireless units, Nortel to liquidate

TORONTO (AP) — Nortel Networks, once a technology giant, has decided to sell itself off in pieces rather than attempt to emerge from bankruptcy as a restructured company.

Nokia Siemens Networks agreed to buy some wireless operations of Canada’s Nortel Networks Corp. in a $650 million deal as the more than century-old Nortel announced it is looking for buyers for the rest of its assets.

The Finnish-German joint venture said Saturday it had agreed to buy the CDMA and LTE wireless technology assets of Nortel, a former telecommunications equipment powerhouse that sought bankruptcy protection in January and now plans to liquidate its business…….

http://finance.yahoo.com/news/Nortel-to-sell-itself-off-in-apf-1349608260.html?x=0&sec=topStories&pos=3&asset=&ccode=

[bsrsharma]

The stock market should soar…

This should help too..

Unemployment in U.S. Probably Surpassed 9% in May

http://www.bloomberg.com/apps/news?pid=20601087&sid=aIq.yiT0.KuI&refer=home

[bsrsharma]

The stock market should soar…

This should help too..

Unemployment in U.S. Probably Surpassed 9% in May

http://www.bloomberg.com/apps/news?pid=20601087&sid=aIq.yiT0.KuI&refer=home

[bsrsharma]

The stock market should soar…

This should help too..

Unemployment in U.S. Probably Surpassed 9% in May

http://www.bloomberg.com/apps/news?pid=20601087&sid=aIq.yiT0.KuI&refer=home

[bsrsharma]

The stock market should soar…

This should help too..

Unemployment in U.S. Probably Surpassed 9% in May

http://www.bloomberg.com/apps/news?pid=20601087&sid=aIq.yiT0.KuI&refer=home

[Author]

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