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To: Roads End who wrote (155751)3/13/2002 10:32:49 PM
From: benwood  Respond to of 436258
 
Seems like the way for corporations to play the pension fund quarterly gains is to creep up the expected rate of return over several years, then slam it back to something low like 3% and then take a huge one time write off, which will be ignored because it will be hard to make sense of it. Then start the 10-year march upwards again.



To: Roads End who wrote (155751)3/13/2002 11:07:13 PM
From: LLCF  Respond to of 436258
 
Yep, underfunded pensions on the way... two edged sword, when all was good, earnings a goosed, when they suck they REALLY suck. Pretty interesting really, one of those positive feedback loops Soros talks about.

DAK