by meep
I let myself take Thursday and Friday off, as I am under a crunch for multiple projects, but also on last Wednesday morning, I got to attend a really interesting meeting, and I am still digesting some of what I heard. It’s more of the political strategy to implement...
by meep
I thank my readers who emailed me these stories – (note: email me at marypat.campbell@gmail.com) – my normal news searches would have missed the crucial items.
I THINK IT’S A CONSPIRACY!!!Okay, maybe not, but there is some awfully suspicious...
by meep
I used historical data for projection purposes.
This week, I’m using an economic scenario generator hosted by the Society of Actuaries to run a bunch of random scenarios.
And sorry, I’m...
by meep
Here we go.
I have listened to the audio of the POB presentation from last week.
I have transferred over the numbers from some of the slides into a spreadsheet, and I’m trying out multiple scenarios. For this post, I’m doing extremely simplistic scenarios...
by meep
I got a hold of a copy of the presentation given January 30, to present the idea of a $100+ billion in pension obligation bonds to get Illinois state pensions up to the dizzying height of 90% funded. And something something arbitrage.
The file is kind of large, as it...
by meep
Sounds like a plan.
Before I get to the obvious downsides of such a thing, let us look at the straight news stories on this idiotic idea.
LET’S DO THE LARGEST PENSION OBLIGATION BOND EVER
Illinois ponders pension-fund moonshot: a $107B bond sale
(Bloomberg) — Springfield...
by meep
This is not my quarterly 80% fundedness update. This is driven by an incredibly stupid thing said by a politician (of whom I have little expectation) and by someone who really should know better.
And it was in multiple news stories.
KANSAS, I DON’T THINK WE’RE SAFE
by meep
This stupid trick comes courtesy New Jersey, which has been chock full of stupid pension tricks for years.
They’ve issued billions in pension obligation bonds.
They’ve gone chasing returns alternative assets to try to make up for undercontributions.
So now… what?
LET’S MONETIZE THE LOTTERY!
by meep
Today’s trick is courtesy California, where Governor Jerry Brown had the bright idea of throwing extra money into the California pension hole.
THE PLAN
Political Road Map: Here’s how (and why) the state is making a $12-billion pension payment next year
If you’re a homeowner, you’ve likely had someone suggest...
by meep
THANK GOODNESS.
Alaska governor halts sale of pension obligation bonds
:
Alaska Governor Bill Walker has called off the planned sale of up to $3.3 billion in state pension obligation bonds due to a lack of support from members of the state senate, he said on Tuesday.
Low oil prices...
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