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What happens to state/local pensions if stocks ever go down?

seems like most pension funds are a mix of equities and bond...
frozen wine school cafeteria goal in life
  10/20/17
states just raise taxes and repossess homes... all to make ...
Alcoholic address
  10/20/17
The schools and roads would turn to complete shit. Oh wait, ...
Snowy beady-eyed therapy stage
  10/20/17
No one made you move to California.
talking fragrant whorehouse mexican
  10/20/17
Poors will riot and burn down certain areas.
Burgundy dilemma sandwich
  10/20/17
Boomers will just slap millennials with a 5% Patriotism Tax ...
Pearly Disrespectful Persian Reading Party
  10/20/17
...
crimson brunch becky
  10/20/17
...
claret odious spot
  10/20/17
pension funding is LOL but not sure what you're saying here ...
Smoky electric tanning salon party of the first part
  10/20/17
the way i have seen it described is like a feedback loop. ...
frozen wine school cafeteria goal in life
  10/20/17
Pension systems aren't loading up on their municipalities' b...
Smoky electric tanning salon party of the first part
  10/20/17
feds probably bailout a portion
Brilliant mad-dog skullcap set
  10/20/17
raise taxes, cut down services and ask for bailout
Slap-happy aphrodisiac genital piercing
  10/20/17
death panels
Cerise cracking bawdyhouse
  10/20/17
California is FUCKED.
gay boiling water
  10/20/17
that's why we are importing a third-world brown population. ...
apoplectic lilac institution rigpig
  10/20/17
...
marvelous obsidian senate trust fund
  10/20/17
...
claret odious spot
  10/20/17


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Date: October 20th, 2017 8:38 PM
Author: frozen wine school cafeteria goal in life

seems like most pension funds are a mix of equities and bonds, but some of the bonds are issued by the municipalities themselves, and are tied into the equity market anyway. even with dow 23K, a lot of pension funds are barely treading water. what happens if there is a "correction" at some point after this eight-year run?

(http://www.autoadmit.com/thread.php?thread_id=3770080&forum_id=2#34490992)



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Date: October 20th, 2017 10:50 PM
Author: Alcoholic address

states just raise taxes and repossess homes... all to make sure the BOOMERS who retired at 50 get paid

(http://www.autoadmit.com/thread.php?thread_id=3770080&forum_id=2#34491850)



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Date: October 20th, 2017 8:38 PM
Author: Snowy beady-eyed therapy stage

The schools and roads would turn to complete shit. Oh wait, that's already happened.

(http://www.autoadmit.com/thread.php?thread_id=3770080&forum_id=2#34490995)



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Date: October 20th, 2017 9:35 PM
Author: talking fragrant whorehouse mexican

No one made you move to California.

(http://www.autoadmit.com/thread.php?thread_id=3770080&forum_id=2#34491376)



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Date: October 20th, 2017 8:39 PM
Author: Burgundy dilemma sandwich

Poors will riot and burn down certain areas.

(http://www.autoadmit.com/thread.php?thread_id=3770080&forum_id=2#34491002)



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Date: October 20th, 2017 8:44 PM
Author: Pearly Disrespectful Persian Reading Party

Boomers will just slap millennials with a 5% Patriotism Tax to fund their yearly once-in-a-lifetime trip through Europe

(http://www.autoadmit.com/thread.php?thread_id=3770080&forum_id=2#34491039)



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Date: October 20th, 2017 8:59 PM
Author: crimson brunch becky



(http://www.autoadmit.com/thread.php?thread_id=3770080&forum_id=2#34491140)



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Date: October 20th, 2017 9:52 PM
Author: claret odious spot



(http://www.autoadmit.com/thread.php?thread_id=3770080&forum_id=2#34491474)



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Date: October 20th, 2017 8:47 PM
Author: Smoky electric tanning salon party of the first part

pension funding is LOL but not sure what you're saying here

"but some of the bonds are issued by the municipalities themselves, and are tied into the equity market anyway"

If you're saying NYC bonds would lose money when the stock market falls because NYC's pension system owns NYC bonds, that's not correct.

(http://www.autoadmit.com/thread.php?thread_id=3770080&forum_id=2#34491059)



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Date: October 20th, 2017 9:01 PM
Author: frozen wine school cafeteria goal in life

the way i have seen it described is like a feedback loop.

eg:

-illinois pension buys IL bonds

-IL is able to pay on those bonds because a rising stock market eases its overall financial situation to an extent

-stock market falls

-IL edges closer to insolvency and cannot pay on its bonds

-IL pension fund holding equities and bonds gets nailed twice (unpaid bonds + sinking equity returns)

(http://www.autoadmit.com/thread.php?thread_id=3770080&forum_id=2#34491149)



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Date: October 20th, 2017 9:50 PM
Author: Smoky electric tanning salon party of the first part

Pension systems aren't loading up on their municipalities' bonds. They are governed by prudent man type guidelines that prevent any significant concentration. Some governments are fucked due to their bonds and/or pensions, but not because of what you described

(http://www.autoadmit.com/thread.php?thread_id=3770080&forum_id=2#34491462)



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Date: October 20th, 2017 8:49 PM
Author: Brilliant mad-dog skullcap set

feds probably bailout a portion

(http://www.autoadmit.com/thread.php?thread_id=3770080&forum_id=2#34491069)



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Date: October 20th, 2017 8:53 PM
Author: Slap-happy aphrodisiac genital piercing

raise taxes, cut down services and ask for bailout

(http://www.autoadmit.com/thread.php?thread_id=3770080&forum_id=2#34491099)



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Date: October 20th, 2017 8:56 PM
Author: Cerise cracking bawdyhouse

death panels

(http://www.autoadmit.com/thread.php?thread_id=3770080&forum_id=2#34491120)



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Date: October 20th, 2017 9:00 PM
Author: gay boiling water

California is FUCKED.

(http://www.autoadmit.com/thread.php?thread_id=3770080&forum_id=2#34491147)



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Date: October 20th, 2017 9:02 PM
Author: apoplectic lilac institution rigpig

that's why we are importing a third-world brown population. they are used to third-world impoverishment, and they are too stupid/ineffectual to protest when this happens.

(http://www.autoadmit.com/thread.php?thread_id=3770080&forum_id=2#34491158)



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Date: October 20th, 2017 9:02 PM
Author: marvelous obsidian senate trust fund



(http://www.autoadmit.com/thread.php?thread_id=3770080&forum_id=2#34491161)



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Date: October 20th, 2017 9:52 PM
Author: claret odious spot



(http://www.autoadmit.com/thread.php?thread_id=3770080&forum_id=2#34491469)