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Tag Archives: Reserve Fund

“This May Be The End Of Europe As We Know It”: The Pension Storm Is Coming

Authored by John Mauldin via MauldinEconomics.com, I’ve written a lot about US public pension funds lately. Many of them are underfunded and will never be able to pay workers the promised benefits – at least without dumping a huge and unwelcome bill on taxpayers. And since taxpayers are generally voters, it’s not at all clear they will pay that bill. Readers outside the US might have felt safe reading those stories....

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“This Is A Crisis Greater Than Any Government Can Handle”: The $400 Trillion Global Retirement Gap

Today we’ll continue to size up the bull market in governmental promises. As we do so, keep an old trader’s slogan in mind: “That which cannot go on forever, won’t.” Or we could say it differently: An unsustainable trend must eventually stop. Lately I have focused on the trend in US public pension funds, many of which are woefully underfunded and will never be able to pay workers the promised benefits, at least without...

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