I am a regular "Joe" may be not a plumber but a regular average next door guy who is concerned with USA economy. Currently underemployed and with a $ 250 000 in student loans and with a bankruptcy filed not long time ago my passion for the state of the economy arouse ... My purpose is to gather information from different journals and or blogs and help those fellows americans interested in the economy have a broader perception of what really is happening.
Private companies and government are taking pension funds out of the stock market and putting retiree's money a wide range of investments: commodity futures, junk bonds, foreign stocks, deeply discounted mortgage-backed securities and margin investing. And some states that previously shunned hedge funds are trying them now...i am aware that MBS are defaulting like there is no tomorrow so make your math...I did heard something about junk bonds but cant remember if it was good or bad...But here is the catch states are using an unrealistic yield rate which doesnt meet recent market rates...therefore they are falling behind on money ...
Private companies and government are taking pension funds out of the stock market and putting retiree's money a wide range of investments: commodity futures, junk bonds, foreign stocks, deeply discounted mortgage-backed securities and margin investing. And some states that previously shunned hedge funds are trying them now...i am aware that MBS are defaulting like there is no tomorrow so make your math...I did heard something about junk bonds but cant remember if it was good or bad...But here is the catch states are using an unrealistic yield rate which doesnt meet recent market rates...therefore they are falling behind on money ...
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