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“An explosive critique about the investment industry: provocative and well worth reading.”
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Daily Archives: May 28, 2012
Public pension plans faulted for lofty return assumptions
For more than a decade pension plans have been using unreasonable investment return assumptions in their funding plans. Since no one wants to admit this or face the increased contributions needed to catch up to capital requirements, the hole just … Continue reading
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Irish referendum preview with Punk Economics
An important point stressed in this: the Euro crisis today is not blowing up the economy. The economy was already blown up by the reckless policies and asset speculation in the years that preceded it. This truth is now revealed. … Continue reading