Shocker
The fund announced that it would fall short of its 7% return target for the fiscal year ending March 31
I'm sorry, but that's just not plausible. It's important that these funds have a good rate of return, and we have teams of experts and oversight boards to ensure it.
Ipso facto, this is a lie. I mean,what's next, that Every Child Left Behind did not achieve 100 percent above average reading competency? Yeah, right.
posted by ColumbusGuy @ 3:09 AM
1 Comments:
There was a theory ( I think I heard it in the 90s)that having retirement funds, whether public pension funds or more likely, individual 401Ks, invested in the market would turn most workers into versions of country club Republicans- not in their assets but in their political outlook- environmental laws, labor concessions and other gov't regs would be seen as holding down their returns, so the rational economic populace would turn against these things. and turn more conservative in their electoral preference. Don't think its turned out that way.
Markets and share prices go down and up for a myriad of reasons- which, except to True Believers, can't necessarily be tied to particular partisan positions and I assume, the share-holding in retirement fund public probably has more reason to be patient investors (or think they do) and see other value in the "return-killing regs"
This has nothing really to do with your post but that ship has sailed a while ago
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