Two Pension Plans Take a Crypto Plunge
• https://moneymaven.ioTwo Virginia pension funds join a handful of institutions to invest in the crypto world,.
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Pensions
Two Pension Plans Take a Crypto Plunge
• https://moneymaven.io, by MishTwo Virginia pension funds join a handful of institutions to invest in the crypto world,.
World's largest pension fund loses $136 billion
• https://www.sovereignman.comThings 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.
"No Need To Be Pessimistic" - World's Biggest Pension Fund Suffers Record Collapse In
• https://www.zerohedge.com by Tyler Durdan"fleshwound"?
How The Federal Reserve Quietly Bankrupted The US Pension System
• https://www.zerohedge.com by Marco MavensActions have consequences. Even for the Fed.
Demographic And Pension Disaster: Illinois Population Drops For Fifth Consecutive Year
• https://www.zerohedge.com, By Tyler DurdenIt is the same depressing story to which Illinoisans have grown accustomed: Population is collapsing and it's only getting worse.
What Is Behind The Market's Record Liquidity Collapse
• https://www.zerohedge.com by Tyler DurdanOne 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
Biggest Buy Order In History Hits, Spiking Stocks... But Is It The Pensions?
• https://www.zerohedge.com by Tyler DurdanUpdate: and there it is - at precisely 2:39pm, a TICK print of 1775 was registered, signifying the biggest buy program of all time.
Each Chicagoan Owes $140,000 to Bail Out Chicago Pensions
• https://moneymaven.io, by Mike Mish ShedlockAs of the 2017 City of Chicago Actuarial Report, each Chicagoan would have to pony up $140,000 to make pensions solvent.
The Festering Social Rift Over Pensions
• https://www.zerohedge.com by Adam TaggartWhy does he get to retire and I don't?
Largest ever continuous oil and gas resource found in the United States
• https://www.sovereignman.comWe have been talking about the pension crisis for years now. It's without a doubt one of the biggest, financial disasters.
"I Thought This Deal Was Absurd, But Pensions Are Piling In..."
• https://www.sovereignman.com, Simon BlackWe have been talking about the pension crisis for years now. It's without a doubt one of the biggest, financial disasters.
Lawmakers Leak Plan For $3 Billion Pension-Fund Bailout
• https://www.zerohedge.com, Tyler DurdenAs 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
With corruption like this, it's no wonder so many pension funds are insolvent
• https://www.sovereignman.com, Simon BlackLast week, the head of a New York state pension fund found herself a new job.
With corruption like this, it's no wonder so many pension funds are insolvent
• https://www.thedailybell.comLast 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
Pensions Now Depend on Bubbles Never Popping (But All Bubbles Pop)
• By Charles Hugh Smith OfTwoMinds.comWe'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
What's killing Sears? Its own retirees, the CEO says
• https://money.cnn.com by Chris IsidoreWhat'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.
The pension crisis is bigger than the world's 20 largest economies
• https://www.sovereignman.com by Simon BlackIf your retirement plans consist entirely of that pension you've been promised, it's time to start looking elsewhere.
The pension crisis is bigger than the world's 20 largest economies
• https://www.sovereignman.com, Simon BlackIf your retirement plans consist entirely of that pension you've been promised, it's time to start looking elsewhere.
Each Household in Chicago Is Obligated to Pay Nearly $125,000 – Mostly in Pension Liability
• https://needtoknow.news by ZeroHedgeChicagoans 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.
"A Stealth Mortgage On Your House" - The Reality Of The Looming Pension Crisis
• Zero HedgeMoney 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
Tens of thousands of Russians protest retirement age hikes
• https://apnews.com by JIM HEINTZTens 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.
Two giant US pension funds admit there's a BIG problem
• https://www.sovereignman.comI'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.
Public Sector Pensions: The Parasite Devours Its Host
• https://www.zerohedge.com by John RubinoThe Wall Street Journal recently highlighted a better method of analysing the impact of public sector pensions on state and local budgets.
Demographics and Destiny: Pension Trainwreck Coming Up
• https://www.themaven.net, Mike Mish ShedlockA pension crisis looms as shown by excellent charts from the Harvard Kennedy School and the Peter G. Peterson Foundation
Demographics And Destiny: This Pension Train Has No Seat Belts
• zerohedge.com by John MauldinIn describing various economic train wrecks these last few weeks, I may have given the wrong impression about trains.
Demographics and Destiny: Pension Trainwreck Coming Up
• themaven.net by Mike Mish ShedlockA pension crisis looms as shown by excellent charts from the Harvard Kennedy School and the Peter G. Peterson Foundation
Follow Swiss Pension Fund – Buy Gold – "Don't Worry Be Happy"
• lewrockwell.com By Egon von GreyerzBrexit, Quitaly and Grexit. Debt Defaults, Stock Shocks, Bond Bubbles, Properties Popping, Derivative Defaults and Banks Busting.
Illinois Pension Benefits, Other Promises, and Insolvency
• https://www.themaven.netLet's take a momentary reprieve from Italian insolvency to discuss the sorry state of affairs in Illinois.
An "Audible Gasp" Was Heard When The Chicago Fed Unveiled Its "Solution" To The
• zerohedge.com By Mark GlennonAn 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.
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