No BAILOUTS for the States. They actually have a lot of power to move their investments to higher earnings. It is the 'RISK' that needs to be monitored.
The pensions to public employees are actually some of the reason why their wages are a lower cost to consumers. It is DELAYED gratification. In all honesty, this is a FIDUCIARY promise to the public employees and it needs to be respected.
The one thing that bothers me and I am sure Bernanke and the Fed are looking at it, is the small inflation in the economy due to higher oil and gas costs (Production costs), including food.
The States need to get their act together, which isn't easy in a hostile political environment and FUND their pensions soon, before The Fed is forced to start raising interest rates to stem inflation that might be hidden in the energy costs.
...“Private equity fundraising should pick up this year,” said Joncarlo Mark, senior portfolio manager at the California Public Employees’ Retirement System, the largest U.S. public pension plan, with $226 billion of assets. “Other asset classes may outperform their benchmarks, but public plans still need the extra pop from private equity to get out of the holes they’re in.”...
The pensions to public employees are actually some of the reason why their wages are a lower cost to consumers. It is DELAYED gratification. In all honesty, this is a FIDUCIARY promise to the public employees and it needs to be respected.
The one thing that bothers me and I am sure Bernanke and the Fed are looking at it, is the small inflation in the economy due to higher oil and gas costs (Production costs), including food.
The States need to get their act together, which isn't easy in a hostile political environment and FUND their pensions soon, before The Fed is forced to start raising interest rates to stem inflation that might be hidden in the energy costs.
...“Private equity fundraising should pick up this year,” said Joncarlo Mark, senior portfolio manager at the California Public Employees’ Retirement System, the largest U.S. public pension plan, with $226 billion of assets. “Other asset classes may outperform their benchmarks, but public plans still need the extra pop from private equity to get out of the holes they’re in.”...
