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| Economy |
| The Pension Storm Is Coming To Europe‐It May Be The End Of Europe As We Know It |
| 2017-10-08 |
| [Mauldin Economics] 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. There go those Americans again... However, if you live outside the US, your country may be more like ours than you think. This week the spotlight will be on Europe. |
| Posted by:Besoeker |
| #8 There isn't a pension problem. The problem is governments spending money they don't have, and leaving the problem for someone else to clean up. Which is why I am hoping for a massive wave of government bond defaults that will force lenders to properly price risk and make borrowing much less attractive. Although that won't work with central governments that print their own currency. |
| Posted by: phil_b 2017-10-08 20:16 |
| #7 Knew it, you meant.? |
| Posted by: Thomose Spawn of the Antelope4762 2017-10-08 19:33 |
| #6 The End-of-Europe-as-I-know-it has already come. |
| Posted by: Skidmark 2017-10-08 14:17 |
| #5 Wait til they offer an IOU for your 401K money |
| Posted by: Frank G 2017-10-08 13:28 |
| #4 "I'll hold this money for you. It will be safe and sound and will definitely be there when you need it in your old age..." |
| Posted by: M. Murcek 2017-10-08 12:19 |
| #3 The underlying 'problem' with pensions is that the ruling class is afraid that they might be forced to do something tangible and productive, so we need to import some serfs. |
| Posted by: ed in texas 2017-10-08 11:42 |
| #2 Every industrialized country has problem with pensions - when Bismark invented witholding for pension very few people lived past 65. |
| Posted by: g(r)omgoru 2017-10-08 11:31 |
| #1 Russia, of all places, has a pension problem as well. |
| Posted by: badanov 2017-10-08 11:03 |