This blog attempts to educate people about how our economy works and to provide updates on what is going on in the economy that may affect them (See personal story at the bottom of the page). Neither this blog nor I are investment advisors, any opinions posted on this site are my own. Please seek a professional investment advisor to fit your personal investment goals.
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Tuesday, September 14, 2010
Pension Underfunding Hits $460 Billion Deficit
An article by ZeroHedge came out today about how Pension deficits hit $460 Billion and showed a $108 Billion deterioration in one month. This was due to a large decrease in corporate bond interest rates. They point out the assets of corporate pensions in relation to their deficit (known as the funded ratio) fell from 75.6% to 70.1% in August, the lowest in 10 years. [ Read more ... ]
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