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The Best Ways to Profit From the Growing Pension Fund Crisis
Welcome to the latest offshoot of the subprime-mortgage debacle: A burgeoning U.S. pension-fund crisis.
Since the global financial crisis struck last fall, the largest 1,500 U.S. public companies have lost a combined $280 billion from their pension funds. Assuming the stock market doesn’t move much from here, a typical U.S. company can expect its pension expense – a direct charge against profits – to increase between 20% and 30% in 2009.
With such a hefty burden ahead, it’s not difficult to understand that this pension fund crisis will certainly exert a downward pressure on corporate earnings, and doubtless on stock…
16Jul2008 | Money Morning | Comments Off | Continued
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