Aug 16

Ponzi-Scheme

Pension Duration Dilemma – Why Pension Funds Are Driving The Biggest Bond Bubble In History:

The looming pension catastrophe is an inconvenient fact for elected officials as well as union bosses and their membership.  Rational solutions like cutting benefits are not palatable to employees or the elected officials that require their votes.  As such, we suspect the problem will continue to be ignored until it boils over…

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