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Wednesday, April 10, 2013

The Pension Rate-of-Return Fantasy

... to one improvident California municipality. Stockton may expose the little-known but biggest lie in global finance: pension funds' expected rate of return. It turns out that the California Public Employees' Retirement System, or Calpers, is ...

http://www.freerepublic.com/focus/f-news/3006194/posts

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