Global Pension Assets Hit Record High in 2010

Leo Kolivakis's picture




 
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Tue, 02/08/2011 - 11:20 | 942823 RKDS
RKDS's picture

Must be why they're trying to steal them, eh?

Tue, 02/08/2011 - 08:03 | 942452 prophet
prophet's picture

... and if they allocate one or two percent to PMs ...  

Tue, 02/08/2011 - 07:04 | 942411 nmewn
nmewn's picture

"Last year, pension assets rose in almost all 13 markets in dollar terms..."

There you go again Leo, thinking in static terms. Again, a 50% loss requires a 100% return just to get your money back to where the loss started.

And when you get there, you have this;

http://static.seekingalpha.com/uploads/2009/5/8/saupload_purchasing_power.png

You can't burn gold Leo.

 

Tue, 02/08/2011 - 18:35 | 944456 Dr. Sandi
Dr. Sandi's picture

You can't burn gold

So how the heck am I gonna keep the place warm? I already tossed all the FRNs into the Franklin stove.

Tue, 02/08/2011 - 19:01 | 944536 nmewn
nmewn's picture

;-)

Tue, 02/08/2011 - 06:26 | 942395 Dr. Sandi
Dr. Sandi's picture

Pensions are that big piggy bank that we've been putting coins in ever since we can remember. They're big and hefty.

And when it comes time to harvest all those nickels and dimes and quarters, we'll open it up and find a very official looking IOU from our friendly Government/Investment Bank.

Meanwhile, up in the spendy part of town, they'll be having their annual 'Thank You Suckers' Big Pig Bonus BBQ and Trophy Wife Swap.

Tue, 02/08/2011 - 07:09 | 942415 Star Warrior
Star Warrior's picture

Exactamundo!!

Tue, 02/08/2011 - 05:38 | 942388 slackrabbit
slackrabbit's picture

Agree.

I never take a pension fund, because I would rather lose my own money than have some chump lose it for me.

Becaise Dr Gareth Morgan a New Zealand economist showed that most pension fund managers only check their particular pools once per year.

You were 2 times better off checking your own investments every 6 months.

Tue, 02/08/2011 - 11:48 | 942925 Leo Kolivakis
Leo Kolivakis's picture

Who is this NZ economist and what is he smoking??? Another clueless pundit...

Tue, 02/08/2011 - 04:50 | 942372 ebworthen
ebworthen's picture

 

Holy Hell Leo, have you not figured it out yet?

Pension funds are the cheapest whore on the block.

Milliions upon millions of dutiful public servants trusting that their 30 years of service will be repaid with all that time and money in.

God!

Don't you know there are thousands upon thousands of greedy mammon lusting sons of bitches on Wall Street who DEPEND upon those millions and their pensions for their salaries and bonuses?

What will happen when the markets crash yet again?

Bankers will once again walk away with yearly salaries and bonuses worth 30 years work by the pensioners, while the pensioners and their children and grand-children will get the shaft.

Christ almighty! 

Does it take a mace filled with the ashes of screwed pensioners for you to figure this out?

If you can't see it now can you see the sky or the clouds or the sun?!?!

Jesus wept.

 

Tue, 02/08/2011 - 00:46 | 942259 Homeland Security
Homeland Security's picture

Is that Michael Moore with the green hat?

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