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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (10066)	8/1/2004 12:08:38 AM
From: Jim McMannis	Read Replies (2) \| Respond to of 116555

RE:"Pension plan scandals will be the next big thing." Yepper. Not even "scandals" just underfunded and over subscribed with their own stock.

To: mishedlo who wrote (10066)	8/2/2004 12:37:48 PM
From: Perspective	Read Replies (2) \| Respond to of 116555

It's been obvious for some time now that Greenspan's policies favor debtors over savers - hosing the responsible parties by diminishing the purchasing power of their savings with negative interest rates. While I considered myself and most of the retirees in that group, I never really considered the fact that defined-benefit pension plans are also in that group. As long as negative real interest rates continue, pension plans - and the companies with large exposures to them - will be defrauded, whether or not they are run responsibly. Those that are run poorly will suffer doubly. BC