The markets always win

To fix their persistent pension problems, some U.S. states are looking to reshape their retirement plans to resemble those in the private sector, but they may find may employees resistant and the savings elusive. (Source: CNBC)


The markets always win. They have their unique way of discovering excesses and force us to correct them.

The markets are forcing public pension funds to recognize that returns from investments do not reflect the nonsensical actuarial assumptions embedded in the promises made to public retirees.

More details in my The Peter Dag Portfolio and my educational videos on www.peterdag.com.

George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
2009 Market Timer of the Year by Timer Digest

To find out more about my in depth views of the markets and my strategy just visit our website https://www.peterdag.com/ where you can subscribe to The Peter Dag Portfolio. You can also call me at 1-800-833-2782 to discuss your specific investment portfolio.

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