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Article Image, by Tyler Durden

A couple of weeks ago, I discussed the coming "Pension Crisis." The important point made was the unrealistic return assumptions used by pension managers in order to reduce the contribution (savings) requirement by their members.

Article Image by Tyler Durden

We've written quite a bit over the past couple of months about the pending financial crisis in Illinois which will inevitability result in the state's debt being downgraded to "junk" at some point in the near future (here is our latest from just this