And You Have to Pay into Pensions?
Buffet said it correct when he said that companies are inflating today's profits by underfunding pensions with an expectation of a rate of return of 8%. A rate of 5% is far more realistic
Well, eeeeekkkkk, egads, omg, yikes...
These fools are issuing pension bonds at 5.88% and hoping to get an 8.5% return on investment.