Why The Equity Bull Market Must Continue (Or Else)
Via Global Macro Monitor blog,
We have been busy crunching some very interesting data on pension funds from the most recent Federal Reserve’s, Flow of Funds Accounts. Check out the charts below.
Interestingly, the last time Private and State & Local Government Pensions were fully funded was at the end of the stock market bubble in 2000. Pensions were 25 percent overfunded in 1999.