Im Zerohedge-Artikel unten wird David Hunt, der die PGIM-Fonds mit insgesamt 1,2 Bio. Dollar an Einlagen leitet, mit der Aussage zitiert, dass die nächste Abwärtswelle am Aktienmarkt höchstwahrscheinlich von strauchelnden öffentlichen Pensionsfonds ausgelöst wird.
Akut bedroht ist der öffentliche Pensionsfonds Calpers, der 300 Milliarden Dollar von 1,6 Mio. Angestellten aus dem öffentlichen Dienst Kaliforniens verwaltet und bereits in der Vergangenheit durch etliche unlukrative und teils verlustträchtige Investitionen auf sich aufmerksam gemacht hat.
Calpers hat gemessen an den immensen Pensionsansprüchen viel zu niedrige Einlagen, steht kurz vor der Zahlungsunfähigkeit und benötigt dringend einen Bailout.
"CalPERS Is Near Insolvency; It Needs A Bailout Soon" - Former Board Member Makes Stunning Admission
...the real financial timebomb was and remains public pensions: "if you were going to look for what’s the possible real crack in the financial architecture for the next crisis, rather than looking in the rearview mirror, pension funds would be on our list." (Zitat von David Hunt, s.o.).
In a brief discussion wondering what municipalities and states will do when local tax revenues decline and unemployment worsens, Hunt said "we're worried about those pension obligations.”
He is hardly alone: having reported over and over and over (and over, and over) again that public pensions are in deep trouble, two days ago none other than Steve Westly, former California controller and Calpers board member - manager of the largest public pension fund in the US, made a stunning admission, confirming everything:
"The pension crisis is inching closer by the day. CalPERS just voted to increase the amount cities must pay to the agency. Cities point to possible insolvency if payments keep rising but CalPERS is near insolvency itself. It may be reform or bailout soon."...
...America's largest public pension fund itself is on the brink, "and the policy change is one of several steps it has taken to avoid a complete meltdown."...
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