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Bitcoin Cash: $ USD
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Two Virginia pension funds join a handful of institutions to invest in the crypto world,.
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Two Virginia pension funds join a handful of institutions to invest in the crypto world,.
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Things keep getting worse for pensions… If you've read Notes recently, you know the pension fund crisis is one of our major themes. Simply put, these giant pools of capital responsible for paying out retirement benefits to workers are BROKE.
"fleshwound"?
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Actions have consequences. Even for the Fed.
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It is the same depressing story to which Illinoisans have grown accustomed: Population is collapsing and it's only getting worse.
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One week ago, when we first previewed this week's infamous $60 billion pension fund rebalancing out of equities and into bonds which resulted in historic market gyrations, and a violent snapback in the S&P from what was shaping up to be the worst Dec
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Update: and there it is - at precisely 2:39pm, a TICK print of 1775 was registered, signifying the biggest buy program of all time.
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As of the 2017 City of Chicago Actuarial Report, each Chicagoan would have to pony up $140,000 to make pensions solvent.
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Why does he get to retire and I don't?
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We have been talking about the pension crisis for years now. It's without a doubt one of the biggest, financial disasters.
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We have been talking about the pension crisis for years now. It's without a doubt one of the biggest, financial disasters.
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As we've been saying for a long time, America's dangerously underfunded defined-benefit corporate and public pensions are little more than lavish Ponzi schemes designed to swaddle one generation of retirees with lavish benefits (a fixed monthly incom
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Last week, the head of a New York state pension fund found herself a new job.
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Last week, the head of a New York state pension fund found herself a new job. Vicki Fuller, the former head of New York's $209 billion fund, now earns $275,000 per year working part time for a natural gas group called The Williams Companies- g
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We're living in a fantasy, folks. Bubbles pop, period. The nice thing about the "wealth" generated by bubbles is it's so easy: no need to earn wealth the hard way, by scrimping and saving capital and investing it wisely. Just sit back and
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What's to blame for the problems at Sears? Amazon? Bad management? CEO and primary shareholder Eddie Lampert has another idea: It's the company's own retirees.
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If your retirement plans consist entirely of that pension you've been promised, it's time to start looking elsewhere.
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If your retirement plans consist entirely of that pension you've been promised, it's time to start looking elsewhere.
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Chicagoans have no idea how much pension debt Illinois politicians have placed upon them, a staggering total of $130,000 billion, which leaves each household on the hook for $125,000.
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Money manager Rob Arnott and finance professor Lisa Meulbroek have run the numbers on underfunded pension plans and come up with an interesting – and highly concerning – new angle: That they impose a "stealth mortgage" on homeowners. Here's
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Tens of thousands of demonstrators have rallied throughout Russia to protest plans to substantially hike the age at which Russian men and women can receive their state retirement pensions.
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I've been talking a lot about the looming pension crisis… My short thesis is, if you're depending on a pension for your retirement, it's time to start looking elsewhere.
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The Wall Street Journal recently highlighted a better method of analysing the impact of public sector pensions on state and local budgets.
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A pension crisis looms as shown by excellent charts from the Harvard Kennedy School and the Peter G. Peterson Foundation
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In describing various economic train wrecks these last few weeks, I may have given the wrong impression about trains.
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A pension crisis looms as shown by excellent charts from the Harvard Kennedy School and the Peter G. Peterson Foundation
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Brexit, Quitaly and Grexit. Debt Defaults, Stock Shocks, Bond Bubbles, Properties Popping, Derivative Defaults and Banks Busting.
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Let's take a momentary reprieve from Italian insolvency to discuss the sorry state of affairs in Illinois.
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An audible gasp went out in the breakout room I was in at last month's pension event cosponsored by The Civic Federation and the Federal Reserve Bank of Chicago.
