The 100 largest U.S. public employee pension systems earned just $14.3 billion on their investments in the first quarter, their worst performance since September 2015, according to new U.S. Census Bureau data. The pension funds’ total assets dipped by $27.8 billion, or 0.7 percent…. The underwhelming first quarter performance was driven by several factors, particularly equity volatility, according to Roy Eappen, a senior analyst at Wells Fargo Securities. It was a stark change from the certainty that prevailed in the fourth quarter of 2017.
http://www.newsmax.com/finance/personal-finance/public-pension-returns-data/2018/06/29/id/869115/
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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