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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: mishedlo who wrote (2228)3/16/2004 5:49:13 PM
From: Wyätt Gwyön  Read Replies (3) of 116555
 
assets of state pension funds fell last year as their commitments to pay retiree benefits rose...Pension assets nationwide fell $77 billion, or 4%, to $1.7 trillion for the 123 funds in the study and liabilities rose 6% to $2.07 trillion,

think what will happen in a year where the market is down.

Wilshire said the shortfall should close in future years because stock market increases would show up in future studies

what does that mean? that there will be stock gains in the future which we can "count on"? ho ho ho
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