Says this is not a false alarm.

SPRINGFIELD, Illinois (PNN) - June 18, 2017 - In a last ditch attempt to resolve the ongoing budget impasse and prevent a potential crisis, which may culminate with an eventual default of the state, Illinois Governor Bruce Rauner ordered lawmakers to return for a special session this week, but the two sides still seem far apart. The Republican governor ordered the special session starting Monday, as the backlog of unpaid bills reached $15.1 billion.

Lowest ever rating for a FPSA state.

NEW YORK (PNN) - June 1, 2017 - The monetary problems plaguing the state of Illinois (not to mention its public pensions) have been widely documented over the past few years, and today the rating agencies finally noticed, when in the span of a few hours, first S&P, then Moody's downgraded Illinois to BB+/Baa3, respectively, both just one notch above junk, the lowest rating ever given to a Fascist Police States of Amerika state, as both agencies cited a long-running political stalemate over a budget shows no signs of ending.

NEW YORK (PNN) - May 29, 2017 - If everything is going to be “just fine”, why are so many big names in the financial community warning about an imminent meltdown?  I don’t think that I have seen so many simultaneous warnings about a market crash since just before the great financial crisis of 2008.  At this point, you would have to be quite blind not to see that stocks are absurdly overvalued and that a correction is going to happen at some point, and when stocks do start crashing lots of fingers are going to start pointing at President Donald Trump, but it won’t be his fault. The Federal Reserve and other central banks are primarily responsible for creating this bubble, and they should definitely get the blame for what is about to happen to global financial markets.