Tag Archives: public pension funds

Who Else Bought BlackRock’s LDI Swindle Products?

The recent collapse of the United Kingdom (UK) gilt market’s long maturities, which required Bank of England (BOE) purchases of tens of billions of pounds of long gilts to stem a Lehman moment, shined a spotlight on something called liability driven investing (LDI). Continue reading

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How Public Pensions Turn Cities into Unlivable Hellholes

Nearly 20-years ago, while providing consulting services to a county sanitation district, we crossed paths with a grumpy fellow who had only a secondary interest in providing industrious work. His primary interest was deliberating on his upcoming retirement; he could bend your ear off. Continue reading

Posted in Government Debt, MN Gordon | Tagged , , , , | 32 Comments