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Six Terrifying Graphs That Simplistically Summarize America's Public Pension Crisis

Six Terrifying Graphs That Simplistically Summarize America's Public Pension Crisis

A new report from the Hoover Institution written by Senior Fellow Joshua Rauh and entitled "Hidden Debt, Hidden Deficits: How Pension Promises Are Consuming State And Local Budgets," does a masterful job illustrating the true severity of America's public pension crisis, a topic to which we've dedicated a substantial amount of time over the past couple of years. 

Fed Warns "Vulnerabilities" From Elevated Asset Valuations "Pose Risks To Financial Stability"

Fed Warns "Vulnerabilities" From Elevated Asset Valuations "Pose Risks To Financial Stability"

In today's FOMC Minutes, Fed member issued yet another explicit warning to America's investing public (before they pull the pin on the balance sheet normalization) about asset valuations beiung "vulnerable" and also piling on once again that commercial real estate values were "elevated."

 

Of course, traders don't care and have bid stocks to the highs of the day.

The Fed's explicit warning that "vulnerabilities have increased for asset valuation pressures."

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