Monday, May 28, 2018

Pension Funds Are Losing Money, A Disaster in the Making

"The pension crisis is not going away. Of course, you start raising rates and it puts an even greater stress on pensions. You know, pensions own bonds-we're in a bear market in bonds! They're losing money. 

In fact, there's a chart you can see every day that shows the net gain of stocks and bonds together. And so far this year, I think it's probably zero-if not negative-the combined total of stock market gains and bond market losses. So these pension funds that were underfunded… now they're not even making any money!"

- Source, Eric Sprott