Home
CalPERS – Buying the High in Bonds? Oh Boy.
Posted on September 1, 2015 by Martin Armstrong
CalPERS, California Pension Plan for government workers, is adopting policies that demonstrate that they are incapable of managing money. They cannot handle the “volatility” in stocks so they are moving into bonds, and whatever shortfall they produce should be made up with higher taxes. If you are in California, my condolences. This is a strategy that will cause more government pension funds across the country to follow their lead. You just can’t make up this stuff. Selling stocks and buying what amounts to a 5000 year low in rates (high in bond prices). And you wonder how steep the cliff might be on the other side of the ECM? No, we do not advise CalPERS. I imagine government entities will not use our service until they have no choice.
This entry was posted in Current Events and tagged Bonds, California, CalPERS, Pensions by Martin Armstrong. Bookmark the permalink.
http://www.armstrongeconomics.com/archives/36738
Posted on September 1, 2015 by Martin Armstrong
This entry was posted in Current Events and tagged Bonds, California, CalPERS, Pensions by Martin Armstrong. Bookmark the permalink.
http://www.armstrongeconomics.com/archives/36738
» Al-Hakim and Al-Amiri at one table to discuss these files
» Government Advisor: Population Census is an Essential Tool for Building Effective Strategic Economic
» A legal expert explains the extent of the Security Council's response to the Zionist entity's compla
» MP: The remaining time of the government’s term may not allow for a ministerial change
» MP: Iraq has dealt a qualitative blow to international drug trafficking mafias
» During 2024.. Iraq achieves a record in fuel oil exports
» Calls to issue a parliamentary decision binding the government to cancel the agreements with Egypt a
» Central Bank of Iraq sales exceed $6 billion in a month
» Planning: Iraq will apply international standards in the general census in coordination with the Uni
» Trade: Government measures to ensure continued food flow during census days
» The Prime Minister stresses the importance of the collection sector within the system of providing e
» Iraq produces more than 6 million m3 of wastewater daily
» Prime Minister's Advisor: National development plans depend on census results
» Investment extends the grace period for Bismayah residents to enter through electronic gates
» Trade: The general population census will be a starting point for important economic transformations
» Al-Sudani confirms the government's determination to proceed with organizing tax collection in a fai
» Al-Sudani visits the headquarters of the Ministry of Planning
» The Ministry of Oil announces the resumption of work in the production line of the North Gas Company
» Christian discontent with 'alcohol ban': It opposes freedoms and causes financial losses
» Al-Mashhadani stresses the importance of the Russian role in supporting Iraq at the regional and int
» Iraqi government issues new decisions - Urgent
» Legal expert details the extent of the impact of the population census on the controversial Article
» Al-Mashhadani directs the preparation of reports on the performance of ministers, governors and head
» Minister of Labor: More than 4 million children covered by the social protection system
» Al-Sudani chairs emergency meeting of the Ministerial Council for National Security
» Directive from Al-Sudani regarding meter readers on a contract basis in electricity
» Iraq borrows $390 million from Japan to develop Basra refinery
» Iraq and the "Israel-Iran" War.. Serious Government Measures to Secure the Launching Areas of Attack
» Iraqi oil recovers and exceeds the $70 barrier
» Integrity Commission Recovers Corruption Convict From Egypt.. Who Is He?
» utube 11/18/24 US President Donald Trump Statement About Iraqi Dinar New RateIraqi Dinar News
» utube 11/19/24 MM&C MM&C-News-Report-Census-Global Transparency-Budget-Trade-Banking-Delete the Ze
» utube 11/18/24 MM&C IQD News Report - Contracts - Projects - Non Oil Revenue Streams - Activating
» North Gas announces resumption of production line (1000) after maintenance is completed
» Economist: The government is relying on weak reasons to diversify non-oil sources
» Parliamentarian reveals secrets of railway investment
» Iraqi Prime Minister: Tomorrow we will take an important step that has been delayed for years
» Federal decisions threaten to shut down two thousand factories and disrupt a quarter of a million jo
» First government comment on Israel's complaint against Iraq before the UN Security Council
» Turkish Trade Minister: Development Path is the Best Corridor in the World
» The future of international trade transactions in US dollars in Iraq
» The first project to index Iraqi manuscripts digitally
» Parliamentary Security: Army Aviation College Law Ready for Voting
» Population Census.. The Path to Development
» Population census: an important tool for achieving sustainable economic development
» Knowledge Summit 2024 kicks off, sharing visions and expertise on the future of knowledge and innova
» The Minister of Interior discusses with the representative of the Secretary-General of the United Na
» Minister of Transport confirms that the development road project will pave the way for important str
» Türkiye's exports to Arab countries amounted to $40 billion in the first ten months of this year, an
» Resumption of production line (1000) in the North Gas Company
» Al-Hakim calls for enacting a law that legally protects paramedics from tribal prosecutions
» The President of the Supreme Judicial Council discusses with the Spanish Ambassador cooperation betw
» Al-Sudani: The census is the dividing line between guesses and facts to distribute wealth according
» The Speaker of the House of Representatives discusses with the Chinese Ambassador bilateral relation
» Kurdish parties set impossible conditions for participation in the new government and formation in A
» Can America limit China's influence in Iraq?
» It will be passed soon.. Revealing the most important amendments to the Anti-Narcotics Law in Iraq
» Al-Mashhadani: The general amnesty law is at the top of our priorities for the next stage
» Al-Sudani confirms the government's desire to develop the trade balance with Türkiye
» MP: No understanding on "controversial" laws, disputes continue - Urgent
» "An important achievement" .. The government reviews the most prominent advantages provided by the p
» Al-Mashhadani confirms Parliament's support for legal agreements between Baghdad and Erbil
» There is no point in changing them.. Politician: The new ministers will be nominated by the same par
» Al-Hakim calls for enacting a law that legally protects paramedics from tribal prosecutions
» Al-Sudani: The census is the dividing line between guesses and facts to distribute wealth according
» The Speaker of the House of Representatives discusses with the Chinese Ambassador bilateral relation
» The third scenario for the chaos of the Middle East.. An Iraqi movement talks about the "Al-Hawl exp
» Al-Sudani: Tomorrow we will take an important step that has been delayed for years (video)
» Al-Sadr warns the government and parliament of two "important" matters
» Iraqi-Iranian talks to implement Basra-Shalamcheh railway
» Until the end of the month.. UAE announces cancellation of flights to Baghdad
» Foreign Minister: Iraq's policy is based on establishing balanced relations
» Al-Sudani: Election of Parliament Speaker helps the Council to continue performing its duties
» Revealing the details of the meeting between the President of the Republic and the Judicial Council
» Türkiye: Our relationship with Iraq included the economy in a comprehensive and broad manner
» Ministry of Commerce denies intentions to withhold food ration cards linked to population census
» Baghdad and Washington discuss the tense situation in the regional environment
» The dollar continues to rise
» Al-Sudani directs an urgent appeal to the Iraqis
» MM&C 11/17/24 For the first time in Iraq.. Efforts to establish an "Investment Association" to attr
» utube 11/16/24 MM&C-News Report-Iraq Dinar-Oil-Flow-Global Maritime Trade-Cross Border Transfer-Ex
» Global conflicts move to Iraq.. America and China fight economically in Baghdad
» Al-Sudani: Iraqi openness to comprehensive partnership with Türkiye and developing trade balance
» Accused of negligence, the Parliamentary Energy Committee calls on Al-Sudani to hold the “Baghdad El
» Al-Maliki's coalition notes Al-Sudani's performance in three files
» On charges of forgery... Al-Dulaimi complains about Al-Halbousi before the Integrity Commission
» Al-Karawi: The government mortgaged the port of Faw to companies affiliated with the Zionist entity
» Parliamentary Integrity: We will proceed with the ministerial amendment even if the government delay
» Reopening of applications to the morning private government education channel
» Bitcoin rises after weekly losses
» Al-Maliki Coalition: The government amendment does not exceed three ministerial portfolios
» Parliamentarian: Amending the Election Law is out of the question
» Israel threatens to target infrastructure in Iraq and assassinate "prominent figures"
» Parliamentary regions: Article 140 road is closed
» The Central Bank of Iraq's dollar sales increased
» Al-Alaq reviews to the President of the Republic the Central Bank’s plans to develop the banking sec
» Al-Atwani to the French Embassy delegation: Halting external borrowing indicates an improvement in I
» Parliamentary move against Kar Oil Company: Suspicions of "fake" electricity supply