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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: stockman_scott who wrote (1852)	7/11/2002 12:35:24 PM
From: Jim Willie CB	Read Replies (5) \| Respond to of 89467

not just pension liability, but pension fund ASSUMPTIONS if you assume pension fund trust will earn X%, and that is an unreasonably high rate of growth, then you can legally take pension earnings and put them into standard earnings buckets right now pension assumptions are for 9-11% growth absurd just read a research report that claims $50B too much went to the S&P500 earnings buckets in 2001, way too much they made lofty pension growth assumptions as growth assumptions come down, so will earnings the number of reasons why earnings will drop from here are endless pension issues are as corrupted as stock options for VP's has anyone factored in higher shorterm rates? that will torpedo earnings Greenspasm is suffering from dollar spasms now !!! / jim