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Bitcoin Cash: $ USD
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Ben Bernanke's creativity inspired a generation of economists and central bankers.
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S&P, Moodys Cut Illinois To Near Junk, Lowest Ever Rating For A U.S. State
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before many retirees can collect
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Several large public pensions around the country are in serious trouble and, after several years of paying out more in distributions than they take in (which is the textbook definition of a ponzi scheme, btw), many are just one more equity market cra
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Quadruple is More Likely
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Chicago's pension funds, along with several other large public pensions around the country, are in serious trouble (we recently discussed the destruction awaiting our financial markets here:
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Are millions of Americans about to see the big, juicy pensions that they were counting on to fund their golden years go up in flames in the biggest financial disaster in U.S. history?
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Are millions of Americans about to see the big, juicy pensions that they were counting on to fund their golden years go up in flames in the biggest financial disaster in U.S. history?
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The toxic dollar is bringing hell in a handbasket.
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Despite a massive rally in the stock market, Illinois public pension liabilities continue to grow.
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...... Little Rock Who Funneled Hundreds of Thousands in Illegal Donations From China and Sold sleepovers at the White House for $400,000 a Pop
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The New York Teamsters Road Carriers Local 707 Pension Fund has won the unfortunate award for "First Pension to Officially Run Out of Money." According to the New York Daily News, and a host of angry former truck drivers who've had their pensi
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The Pension Crisis on the horizon is far worse than anyone can imagine. This is the final straw that will break the back of socialism the same as communism fell.
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-Gotten Pension Gains From Police
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Underfunded government pensions to the tune of $1.3 trillion, with a gap that just can't be filled, is the ticking time bomb facing the US economy which faces dramatic cuts in public services - and potentially riots reminiscent of Athens six years
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The crisis in Greece goes on, and on, and on, and on, and on.
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Dallas isn't the only city in Texas with a sick retirement fund. Nearby Fort Worth is also in deep trouble.
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The Dallas Police and Fire Pension System's Board of Trustees suspended lump-sum withdrawals from the pension fund Thursday, staving off a possible restraining order and stopping $154 million in withdrawal requests.
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The Dallas Police and Fire Pension plan is severely underfunded. Not even a $1.1 billion taxpayer bailout the plan officials request will make the plan whole.
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It's A "Financial Time Bomb"
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Just a Matter of Time (For Dallas, Houston, LA, Oakland, Chicago, etc)
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A few months ago we wrote that the Dallas Police and Fire Pension Fund was on the verge of collapse after a series of shady real estate investments resulted in massive markdowns of pension assets, the ouster of the fund's CIO and an FBI raid of it's
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The combined debt held by U.S. public pension plans will top $1.7 trillion next year, according to a just-released report from Moody's Investors Services.
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Take Lump Sum Pensions Fearing Money Isn't There (And It Isn't)
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A new research note from Moody's found that State pension funds were underfunded by $1.3 trillion at the end of FY15 but was expected to grow to $1.8 trillion at the end of FY17 as pensions continue to struggle with low returns.
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It's going to be hard to reverse the damaging effects of ultralow bond yields on the global economy.
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Illinois Governor Furious After Pension Fund Cuts Returns Forecast, Sticking Taxpayers With "Crippling" Tax Hike
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Pension Duration Dilemma – Why Pension Funds Are Driving The Biggest Bond Bubble In History
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An Unsolvable Math Problem: Public Pensions Are Underfunded By As Much As $8 Trillion by Tyler Durden
