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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (101845)	3/3/2009 12:15:16 PM
From: forceOfHabit	Respond to of 110194

Haim, I think you've hit the nail on the head with this article. The economy is not bouncing back in 2009 or 2010. There are lots of boomers who are painfully aware of the losses in their personal portfolios, 401k's etc. who have yet to realize that those generous pensions based on those rosy actuarial forecasts are as real as Bernie Madoff's profits. Either the plans will declare bankruptcy, or payouts will be reduced (by negotiation or legislation), or inflation will explode enough to save their payouts in nominal (but not real) terms. Either way, the only thing guaranteed about their pensions is disappointment. habit