Category Archives: Pensions-Retirement

Five Trillion Dollars! Doomed US Pensions’ Shortfall Now The Size Of Japan’s Economy

Five Trillion Dollars! Doomed US Pensions’ Shortfall Now The Size Of Japan’s Economy | Zero Hedge https://www.zerohedge.com/news/2018-07-31/doomed-5-trillion-us-pensions-shortfall-now-size-japans-economy Re-posted from Zero Hedge. Geoff Geoff Comments: In 5 to 10 years when people retire and find themselves without the promised money, all … Continue reading

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Spotlight Danville, Illinois, My Home Town: Bankrupt

Spotlight Danville, Illinois, My Home Town: Bankrupt – Mish Talk https://moneymaven.io/mishtalk/economics/spotlight-danville-illinois-my-home-town-bankrupt-sDRUoZ0y2E2s-kolbEzx6w/ Re-posted from Mish Talk. Geoff Geoff Comments: Unfortunately, Danville looks to be the norm, rather than the exception… Under-funded pensions and poorly run states & municipalities create a bleak … Continue reading

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Public Sector Pensions: The Parasite Devours Its Host

Public Sector Pensions: The Parasite Devours Its Host | Zero Hedge https://www.zerohedge.com/news/2018-07-23/public-sector-pensions-parasite-devours-its-host Re-posted from Zero Hedge. Geoff Geoff Comments: Underfunding public pensions has gone too far, there is no way out…

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Demographics And Destiny: This Pension Train Has No Seat Belts

Demographics And Destiny: This Pension Train Has No Seat Belts | Zero Hedge https://www.zerohedge.com/news/2018-06-17/demographics-and-destiny-pension-train-has-no-seat-belts Re-posted from Zero Hedge. Geoff Geoff Comments: When pensions and Social Security hit a wall in 2026, who knows where an armed populace without money will … Continue reading

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New Retirement Survey Reveals People Globally Don’t Understand Investment Or Inflation

New Retirement Survey Reveals People Globally Don’t Understand Investment Or Inflation | Zero Hedge https://www.zerohedge.com/news/2018-05-31/new-retirement-survey-reveals-people-globally-dont-understand-investment-or Re-posted from Zero Hedge. Geoff Geoff Comments: This is truly scary… This level of widespread ignorance can destroy the world economy…

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Breaking Down America’s Worst Long-Term Challenges: #2- The Looming Retirement Crisis

Breaking Down America’s Worst Long-Term Challenges: #2- The Looming Retirement Crisis | Zero Hedge https://www.zerohedge.com/news/2018-05-17/breaking-down-americas-worst-long-term-challenges-2-looming-retirement-crisis Re-posed from Zero Hedge. Geoff Geoff Comments: Surely after the debt crisis the biggest American Economic crisis is the pension/retirement crisis…

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An “Audible Gasp” Was Heard When The Chicago Fed Unveiled Its “Solution” To The Pension Problem

An “Audible Gasp” Was Heard When The Chicago Fed Unveiled Its “Solution” To The Pension Problem | Zero Hedge https://www.zerohedge.com/news/2018-05-12/audible-gasp-was-heard-when-chicago-fed-unveiled-its-solution-pension-problem Re-posted from Zero Hedge. Geoff Geoff comments: And this problem will only get worse with the passage of time, the … Continue reading

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Dysfunctional CalPERS Board Distracted By Petty Squabbling As Fund Lurches Toward Bankruptcy

Dysfunctional CalPERS Board Distracted By Petty Squabbling As Fund Lurches Toward Bankruptcy | Zero Hedge https://www.zerohedge.com/news/2018-04-29/dysfunctional-calpers-board-distracted-petty-squabbling-fund-lurches-toward Re-posted from Zero Hedge. Geoff Geoff Comments: CalPERS is doomed… All of California is being torn apart by incompetence…

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The Pension Crisis Gets A Catchy Name: “Silver Tsunami”

The Pension Crisis Gets A Catchy Name: “Silver Tsunami” https://www.zerohedge.com/news/2018-04-23/pension-crisis-gets-catchy-name-silver-tsunami Re-posted from Zero Hedge. Geoff Geoff Comments: Catchy name for a self inflicted disaster…    

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