gata.org / By Ben Protess / Thursday, March 19, 2015
The Bank of New York Mellon will pay $714 million to settle accusations that it cheated government pension funds and other investors for more than a decade, federal and state authorities announced on Thursday. It is part of a deal requiring the bank to […]
bullionstar.com / by Koos Jansen / 18 Mar 2015
An open letter to all pension funds
The United Nations (UN) is preparing a Multilateral Legal Framework for Debt Restructuring Processes. At the highest level an orderly sovereign debt restructuring for developed countries is designed.
As I’ve stated before on these pages, effectively the only […]
marctomarket.com / by Marc Chandler / March 5, 2015
The euro remains heavy as the market awaits the ECB’s press conference where Draghi is expected to provide more details on the bond buying program that is expected to be launched as early as next week. The euro slipped to new multi-year lows near $1.1025 […]
charleshughsmith.blogspot.com / CHARLES HUGH SMITH / WEDNESDAY, MARCH 04, 2015
When we look back from 2025, it will be painfully obvious that central bank policies exacerbated the systemic crises that brought down the global financialization machine.
What with all the praise being heaped on central banks for “saving” the world from economic doomsday in 2008, […]
zerohedge.com / by Tyler Durden on 12/03/2014 15:46
With the average hedge fund down 1% year-to-date, it is perhaps no surprise that investors are pushing back against the fee structure…
Authored by Ted Ballantine via Pension360,
Pension funds and other investors called for changes Tuesday in the way hedge funds charge fees.
The proposed […]
armstrongeconomics.com / by Martin Armstrong / September 27, 2014
Moody’s has reported that the top 25 largest U.S. public pension funds face about $2 trillion in unfunded liabilities. This is what we see as the next great crisis post 2015.75. We are in a very serious economic crisis within the years ahead and we are […]
charleshughsmith.blogspot.com / CHARLES HUGH SMITH / WEDNESDAY, SEPTEMBER 10, 2014
The money-shot: “People of privilege will always risk their complete destruction rather than surrender any material part of their advantage.”
Here is the quote that perfectly captures our era: “People of privilege will always risk their complete destruction rather than surrender any […]
testosteronepit.com / By Wolf Richter / JUNE 11, 2014 AT 1:28AM
Public pension plans of states and cities have been in a heap of trouble for years. Promises of juicy pensions after a relatively short time on the job, with many decades of life expectancy remaining, are easy for politicians to make […]
armstrongeconomics.com / By Martin Armstrong / June 5, 2014
The reason politicians are so dangerous is because they will never admit a mistake. Instead, they dig our grave ever deeper. In truth, they act no different from the management of ENRON. The only difference, they are never prosecuted for their frauds. Nonetheless, human nature […]
dollarvigilante.com / Wendy McElroy / May 2nd, 2014
Chicago dances on the edge of a fiscal cliff.
It is the third largest city in the US with a population of 2,714,856 as of mid-2012. It is the economic engine of Illinois. If Chicago falls, especially into bankruptcy, then the entire state […]
goldcore.com / By Mark O’Byrne / 25 April 2014
Pensions Exposed Without Diversification To Gold As Pensions ‘Time Bomb’ Looms The ‘pensions time bomb’ looms: pension funds lack of diversification, and over exposure to traditional assets may cost pension holders dearly according to research we have just released. Pensions allocations to gold are very low […]
goldcore.com / By Mark O’Byrne / 15 April 2014
85% OF PENSION FUNDS WILL GO BUST WITHIN 30 YEARS
The “pensions timebomb” keeps on ticking and as societies we become less prepared by the day.
Yet another report shows that the US public pension system is in dire straits. This one comes from renowned hedge […]