It’s Not Us That Will Suffer, It’s Your Pension Fund!
Found via the PMarcA blog.
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October 27th, 2007 at 5:37 pm
Older generation in US/Europe/Japan hold roughly 60-70% of their nation’s wealth. In quest for higher return with risk averseness they are being steered to these risky investments by bankers/hedge funds and other financial intermediaries.
Anyway most of them have made good money due to their old property appreciation and they can afford to loose some. Still they will be OK.