Are Unfunded Pensions Secretly Driving Markets? (With Brian Reynolds and Tyler Neville)

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Episode
105 of 1793
Længde
37M
Sprog
Engelsk
Format
Kategori
Økonomi & Business

Brian Reynolds, former chief market strategist at Rosenblatt Securities, tells why unfunded pension liabilities are the real engine for the U.S. credit boom, and how this financial engineering has produced one of the greatest bull markets ever. A legal mandate requires these funds to earn 7.5% returns, and when they fail to do so, taxpayers foot the bill. As a larger percentage of these pensions are moved onto corporate balance sheets, the tightrope these pension funds walk gets more and more precarious. Learn more about your ad choices. Visit podcastchoices.com/adchoices


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