Kirk's Market Thoughts Message Board

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Non-Tech : Kirk's Market Thoughts

COHR 154.03

+3.5%

Nov 26 3:59 PM EST

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To: robert b furman who wrote (5481)	2/1/2018 1:05:15 PM
From: Kirk ©	Read Replies (1) of 26631

I had an interesting thought yesterday with additions from my post on Da's board.... US Market Cap about $21T US public and private pension funding maybe $6T under funded with probably most of that in the states and cities.... Of that $6T, the funds use current day, Ponzi-like contributions to the funds to meet pension payments to current retirees then invest the rest. If you check some of the larger public pension funds, they are maybe 80 or 90% in stocks and expect 7% or higher future returns to meet their obligations IF THEY ARE FULLY FUNDED... So... to be fully funded, cities fill less potholes and hire fewer police than needed to keep the cities safe then send the $ saved to the pension funds... that will buy stocks. What else can they buy to meet their returns? What is really funny is the biggest taxers and public spenders are often the bears and democrats who complain about anything that helps stocks go up or pay dividends.... Shouldn't the democrats and anyone who relies on a pension or has to make payments of city and state funds to pension funds to meet their obligations to their workers be all for anything that helps businesses do well and then if they need more money, they raise taxes on workers rather than the companies? Yet they hate the Trump tax plan that helps companies pay less taxes so they can pay higher wages, more dividends and buy back stocks.... all things that help public union employees that usually vote for bigger government / Democrat so they have job assurance and higher wages.

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