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Are Corporate Pensions About To Start Dumping Their $1 Trillion In Equity Holdings
zerohedge.com / by Tyler Durden / Apr 11, 2017 11:49 AM
Several large public pensions around the country are in serious trouble and, after several years of paying out more in distributions than they take in (which is the textbook definition of a ponzi scheme, btw), many are just one more equity market crash away from completely running out of cash. In fact, we recently wrote about how Chicago’s largest pension fund could run out of cash within 4 years if such a scenario played out (see “How Chicago’s Largest Pension May Run Out Of Cash In As Little As 4 Years“).
And while we hate to be pessimistic, lets just take a look at what happens if, by some small chance, today’s market gets exposed as a massive bubble and we have another big correction in 2018.
Such a correction would force the fund to liquidate over $1.5 billion in assets in 2018 alone….
The post Are Corporate Pensions About To Start Dumping Their $1 Trillion In Equity Holdings appeared first on Silver For The People.
