This is sobering. . .
theautomaticearth.blogspot.com
I first wrote about public pension problems in 2003, suggesting that pensions would soon be underfunded by $2 trillion, as a long-term secular bear market would dampen returns. Turns out that I am once again proven to be a wild-eyed optimist. Quoting from the executive summary:
You might want to sit down with your favorite bottle of single malt for this article.
Albert Edwards Explains How The Leading Indicator Is Already Back Into Recession Territory And Why T
Albert Edwards reverts to his favorite economic concept, the "Ice Age" in his latest commentary piece, presenting another piece in the puzzle of similarities between the Japanese experience and that which the US is currently going through. A.E. boldly goes where Goldman only recently has dared to tr...
I can hardly wait to hear the moaning and whimpering and crying. Thank Obysmal.
Mish's Global Economic Trend Analysis: Huge Battle Looms Over Public Pensions - Who Will (Who Should
globaleconomicanalysis.blogspot.com
Public pension plans are $1 to $3 trillion underfunded. I think the number is closer to $3 trillion and destined to get worse. However, even $1 trillion is a massive problem.With so much at stake, a Battle Looms Over Huge Costs of Public Pensions
Here is a good read. . .
westernrifleshooters.blogspot.com
GardenSERF sends this two-part essay for your consideration:COF - Part ICOF - Part IIThe Bad People insist that you fear them.Refuse.
If you think you are going to get a government pension, think again. You are S-O-L.
market-ticker.org
If you scream about "But the state constitution says we're protected!" I will simply remind you that it is easier to change a State Constitution than it is make money that doesn't exist magically appear.
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