tag:blogger.com,1999:blog-22906998.post4974998917241643231..comments2024-03-26T22:42:06.412-07:00Comments on TAG Blog: Weak MathSteve Huletthttp://www.blogger.com/profile/05537689111433326847noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-22906998.post-85111825153875346582010-08-13T09:10:59.449-07:002010-08-13T09:10:59.449-07:00Comparison to economic downturns beyond WWII is mi...Comparison to economic downturns beyond WWII is misleading. What we are going through has so little in common with 66-82 that is barely worth mentioning. Pensions are going to get hit/getting hit like everything else. They are no less immune simply b/c they are 'pensions' and fall under a different set of legal precedents. Nothing evaporates more quickly with economic and monetary paradigm changes than legal precedent. Flush all that you know down the toilet. You weren't born the last time this kind of economic calamity happened.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-22906998.post-83251755036702037302010-08-11T21:08:07.281-07:002010-08-11T21:08:07.281-07:00I'm old enough to remember the stagflating sev...I'm old enough to remember the stagflating seventies. Stocks went nowhere for sixteen years (1966-1982).<br /><br />There's a reason that careful investors allocate assets between stocks, bonds and real estate. Nobody can successfully predict where the markets are going.<br /><br />But allow me to note that there's relatively little problem with the Motion Picture Industry Pension Plans, since they're funded before anything else. It's the health plan that presents the challenge.Steve Huletthttps://www.blogger.com/profile/05537689111433326847noreply@blogger.comtag:blogger.com,1999:blog-22906998.post-44906704012383778712010-08-11T20:33:05.315-07:002010-08-11T20:33:05.315-07:00_So far this year (2010), investment returns have ..._So far this year (2010), investment returns have been 2%.<br /><br />In the midst of the collapse of western economic fundamentals, this spells trouble for any pension scheme. Trouble.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-22906998.post-19598286688046319912010-08-10T23:54:25.632-07:002010-08-10T23:54:25.632-07:00The Dow Jones Industrial Average & S&P 500...The Dow Jones Industrial Average & S&P 500 have about a 0% return this year.<br /><br />Some 401k are down about 10-15% this year.<br /><br />The alternative is to keep the money in a mattress and not invest at all. The best this will give you is the inflationary return of about -3% each year.<br /><br />To somehow blame old people for the diminishing returns as the above post states is ridiculous. Health care costs have been rising worldwide.<br /><br />and the studios? Well their profits have been doing great this year. Want to bash the guild? Be my guest. Iger, Murdoch and the rest of the gang don't send thank you cards:<br /><br />http://www.deadline.com/2010/08/disney-profit-jumps-40-on-espn-film-every-hollywood-studio-boosted-earnings/VFX Soldierhttp://vfxsoldier.wordpress.com/noreply@blogger.comtag:blogger.com,1999:blog-22906998.post-88990116711212240142010-08-10T22:44:30.767-07:002010-08-10T22:44:30.767-07:00here it comes. the rules of the road are changing...here it comes. the rules of the road are changing yet again, and that pipe dream pension in the sky gets whittled away again by the actuaries. the old eating up the young.Anonymousnoreply@blogger.com