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Strategies & Market Trends : John Pitera's Market Laboratory
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To: ggersh who wrote (13500)1/18/2013 3:28:02 PM
From: Augustus Gloop3 Recommendations  Read Replies (2) of 33421
 
I'm not saying they should have a guaranteed rate of return.

I was coming at it from the perspective that future payments were predicated on 7-8% returns so people working today are in danger of some of these massive pensions being all dried up.

Isn't the Illinois pension system in some trouble? That whole state is in bad shape which brings me back around to what Meredith Whitney was saying.

Major house of cards.....this is all to negative for me on a Friday
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