Riding High on Stocks, Are Public Pensions Prepped for a Future Downturn?
Posted on 11/10/2019
In an era of low interest rates, the stock market looks attractive to U.S. state and local pension funds. The funds have now plowed half of their assets into the U.S. equities bull market. Brexit, trade fights, falling property prices in China, central bank emergency easing, and the threat of a nuclear Iran have done […]