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RE: California Prepares For Pensions To Be CUT! You Have Been Warned!
if not mistaken, pension funds dont heavily inv in stocks rather in bonds, due to low interest they go under water, not good
if not mistaken, pension funds dont heavily inv in stocks rather in bonds, due to low interest they go under water, not good
I've seen them purchase even derivatives. It depends on the pension. They have gone into extremely risky investments since 2009. It's going to implode.
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