With true inflation underreported for 34 years, pensions and other investors are facing larger-than-expected liabilities, argue the authors of a new report.
from Facebook https://buff.ly/2iz6GFr
“The S&P 500 will gain 20% in the first year of the new Millennium!” said the yuppie analyst to an impressed journalist while sipping champagne and chewing on a lobster tail. Except, the yuppie analyst was dead wrong in this prediction; the S&P 500 fell 10% in the year 2000. How could this, obviously well-paid, lobster-eating yuppie analyst be so wrong? from Facebook https://buff.ly/2GLHplO
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