Monthly Archives: May 2012

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 →

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 →

Harvard University history professor Niall Ferguson talks about Europe’s banking crisis. Here is the direct link.