Pension Assumptions and Negative Interest Rates

I think we all may be shell-shocked by how often the discussion of negative interest rates made an appearance at Janet Yellen’s Federal Reserve testimony last week. I ran across this article recently from the Minneapolis Star Tribune: “High Life Expectancy Strains Minnesota Pension Systems – Our 2nd-Highest Life Expectancy Throws a Wrench in Retirement Funds’ Projections”. Demographically, this is an incredibly important article. Within it though, are pension assumptions the State of Minnesota uses, which have recently decreased to 8% from 8.5%. That story will unfortunately be Continue reading →

Weekend Reading – 11 Links (1/30/16)

Some market related, some economic, some entrepreneurial, and some that I don’t really know how to compartmentalize – a few articles I’ve recently come across that you might find of interest: Unprecedented – Why are Corporations Hoarding Trillions? ~ New York Times Young, Gifted and Held Back ~ Economist – how the world’s youth are being held back. There are numerous implications / ramifications to this going forward and this issue delves much further into this with a special section I’m not a racing fan, but am Continue reading →

As Goes January?

On January 5th, the Dow finished up 9.7 points on the day. I’m guessing you don’t remember that. Neither do I. They say on Wall Street, ‘as goes January, so goes the year’. If that is truly the case we are in for one wild ride in 2016. The great thing about wild rides though is that they are usually filled with opportunities. I have a legal-pad filled with a list of topics I absolutely need to write about, and expect to see those posts throughout the month of Continue reading →