I was pleased to read an Op-Ed by Congressman Baron Hill, Indiana's 9th District, calling for support of multiemployer pension reform, which is clearly long overdue. What surprised me though was his comment about the funded status deficit for multiemployer...

Keith Jurow, an excellent real estate analyst, has published another piece on the current state of home ownership in the U.S. His latest article can be found as an opinion piece on the MarketWatch website. Titled, "The COVID-19 lockdown is...

Why do we need pension reform? Here is another example of action being taken by a pension system as it tries to protect what little is left in the pot. The Teamsters’ Building Material Drivers Local 436 Pension Fund of...

I was reading a research report from Fitch related to a Prince William County bond issuance. The proceeds from the bond sale would go to support a number of school projects - great. That is fairly standard and necessary. What...

All of a sudden the US Senate has reached its limit on what can be spent? We are in the midst of an estimated $3.8 trillion budget shortfall for 2020. To put that in perspective, the previous budget deficit record...

I wasn't always a fan of pension obligation bonds (POBs), as study after study revealed in most cases that pension plan sponsors that had issued a POB failed to improve the long-term financial viability of the program. The Center for...

In a blog post from yesterday, titled "Same Old Story", I wrote the following: for those individuals who either chose to retire or were forced to retire prematurely through job losses in 2007-2008, they had no time to make up...

The WSJ is hailing the individual investor boom as if it is something new. They are attributing this explosion of activity, roughly 20% of the daily trading volume, to new phone apps, a bull market fueled by technology stock leadership,...

Roughly at this time every year, we start to get the reporting of fiscal year pension returns for the various state and municipal public plans, and every year we get the same mixed message. I happened to catch a glimpse...

On Tuesday I shared with you my thoughts related to the difficult job facing asset consultants in this market environment. Today I share with you a wonderful chart prepared by Callan Associates and extracted from the WSJ (thanks, Chris) that...