@ThomWetzer I agree. My vehemence on the issue is no doubt in part a reflection of the fear stoked in me by the risk they have taken.
By contrast with life insurers, US public pension systems have shifted away from fixed-income securities as interest rates fell. Moodys
June 28, 2022
By contrast with life insurers, US public pension systems have shifted away from fixed-income securities as interest rates fell. Moodys via daily shot newsletter from