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Not for years have Pension-Fund Managers been able to generate sufficient yields by investing in secure bonds to assure a balance between intake of money versus funds that have to be paid out.

The temporary rescue emerged in form of the "Real-Estate-Bubble". It worked until it worked no more. Switching over to the stock market to achieve "yield". This also worked until recently.

Next step: Pension funds will limit their investment by trading Pork-Bellies at the CME in order to enhance revenue and yield.biggrin.png

None of my concern: I have withdrawn my pension benefits 5 years ago (100 %, while it was still possible.) Good on me.

Cheers.

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