The Titanic risks of the retirement system

2016-09-30T16:49:15-07:00September 30th, 2016|Categories: Retirement|Tags: |

In a weekend Bloomberg News article “The Titanic Risks of the Retirement System”, the Chair of President Obama’s Global Development Council (and former PIMCO CEO) told readers that he attended a performance of the musical Titanic in London recently. Mr. El-Erian writes that the story could end up describing “the fate of the global retirement system”. Why? Because with bond yields “at extreme lows”, stock prices (especially of high-quality, dividend-paying corporations) “at historic highs”, and return correlations “unstable”, pension [...]