Pension Crisis In U.S. and Globally Is Unavoidable
by Lance Roberts
There is a really big crisis coming.
Think about it this way. After 8 years and a 230% stock market advance the pension funds of Dallas, Chicago, and Houston are in severe trouble.
But it isn’t just these municipalities that are in trouble, but also most of the public and private pensions that still operate in the country today.
Authored by The College Fix,
On Friday about 40 protesters at Iowa State University demonstrated against the school’s use of prison labor “to acquire furniture.”
According to the Iowa State Daily, the group ISU Student Action organized the event because “prisoners may be paid as little as 15 cents per hour” … apparently not considering the fact that these laborers are incarcerated.
On Friday, Sweden became the latest European target of terrorism after a man plowed a hijacked beer delivery truck into a crowd in central Stockholm, killing five people and wounding more than a dozen (we covered the situation here: "Swedish Police In Manhunt For Terrorist Truck Driver Who Killed Five").
For months now we've warned, as have many prominent Republican legislators, that Obamacare is on the verge of collapse (see "Obamacare On "Verge Of Collapse" As Premiums Set To Soar Again In 2017").
Authored by Hunter Lewis via The Mises Institute,
Noah Smith, writing in Bloomberg, says that middle class America has indeed been fleeced by our national economic policies. We agree. But which policies have been responsible?
Smith mentions and immediately dismisses trade, immigration, economic regulation, and welfare policies.