The Lost Ones: The Opportunities and Outcomes of White, Non-College-Educated Americans Born In The 1960s


This post is by Lambert Strether from naked capitalism


Click here to view on the original site: Original Post




This column shows that white, less-educated Americans born in the 1960s are worse off than the generation born 20 years previously, based on wage changes, increased medical costs, and shorter life expectancy. This disparity could be worth as much as $132,000.

2:00PM Water Cooler 5/17/2019


This post is by Lambert Strether from naked capitalism


Click here to view on the original site: Original Post




By Lambert Strether of Corrente. Patient eeaders, my workflow remains disrupted because Apple has not yet returned control to me of the tablet I putatively own. So I feel like I’m running a sack race instead of blogging. Again, if any of you want to send me Water Cooler-appropriate links, or short video clips to […]

2:00PM Water Cooler 5/16/2019


This post is by Lambert Strether from naked capitalism


Click here to view on the original site: Original Post




By Lambert Strether of Corrente. Patient eeaders, my workflow is remains disrupted because Apple has not yet returned control to me of the tablet I putatively own. So this is a little unbalanced. If any of you want to send me Water Cooler-appropriate links — especially from sources I don’t read, and also not already […]

How Kentucky Tried to Make the Country’s Worst-Funded Public Pension Plan Even Worse


This post is by Yves Smith from naked capitalism


Click here to view on the original site: Original Post




Many public pension funds are in a very deep underfunding hole, and too many are resorting to high fee investment strategies that at this point in the cycle are costly hopium. Gordon Hamlin, a pro bono advier to public pensions, sets forth a strategy for the most deeply underfunded state pension, the Kentucky Retirement System.