Archive:
The brief’s key findings are: The market crash has hurt public pensions, and quick fixes aren’t feasible because: pension cuts for new hires take time to add up; and tax revenues have been hit hard by the recession. Fortunately, most plans do not face a liquidity crisis. Years to exhaustion depend on investment returns and…
The brief’s key findings are: Many forecasters contend that the sluggish economic recovery will limit stock returns over the coming decade. Despite the sluggish recovery, corporate earnings have recovered to nearly match their peak value. Higher earnings can be used to boost returns in several ways: buying back stock, retiring debt, buying stock in other…
