Posted on 07/30/2016 6:26:17 AM PDT by CorporateStepsister
Japan’s $1.3 trillion Government Pension Investment Fund lost 3.8 percent in the year ended March 31, or 5.3 trillion yen ($51 billion), the retirement manager said Friday in Tokyo. That’s the biggest drop since the fiscal year ended March 31, 2009. GPIF lost 10.8 percent on domestic equities and 9.6 percent on shares in other markets, while Japanese bonds handed the fund a 4.1 percent gain.
(Excerpt) Read more at msn.com ...
At least their funds are invested and have a good chance of recovery, unlike our Ponzi scheme, Social Security.
If history repeats, there will be a run on ginsu knives by the fund Managers anytime now.
RE: “At least their funds are invested and have a good chance of recovery, unlike our Ponzi scheme, Social Security.”
Stop such false dark talk, Trump support’in subject!
Are you inferring the US social security system is a Ponzi scheme - whadya talk’in about?
The economy has never been better!
Obola, Hitlery, Wall Street and the media told us that.
US soc sec is in fine shape and faces no threat.
Don’t worry:
1. We still have nearly three people working for every beneficary, and that ratio will only get better as we bring in Millions more illegal immigrants and refugees.
2. The Fed can always print yet ‘mo money via upcoming QE4.
3. Washington can raise taxes.
4. And, the gov’t can continue cutting the value of soc sec payments by ignoring the true cost of living / rate of inflation!
The Obola economy’s green shoots continue to grow!
/S
How managed the fund, Hillary’s son-in-law?
No - this Fund only lost 3.8%. Hillary's son-in-law would scoff at such a piddling number. His Fund lost 90%.
How could Japanese bonds return 4%, when they have negative interest rates?
Several years ago AARP magazine had an article on how a Ponzi scheme works. Their contention Ponzi schemes always fail, as people soon see the fraud. Social Security has not failed so SS is not a Ponzi scheme.
Several pages later in that same magazine issue, was an article by Jame Bryant Quinn on how Social Security is financed, and it was just like a Ponzi scheme, by FORCING people into it.
Why the Ponzi-Social Security scheme has not failed (yet).
If the GOVERNEMENT had FORCED people into his scheme it would not fail, but you would still need massive increases in the number of working population to keep it going. (Soon to be in the BILLIONS!)
So the sudden demand for foreign immigration into the USA as people have aborted so many future workers.
Right now there are 65 million people on ssi, requiring 260 million people working.
When those 260,000,000 retire it will require 4 workers to support each one. That is over ONE BILLION workers.
Or 1.3 robots that don't sleep, preferable to the stinky kind of slave labor.
Reminds me of many of the Ponzi scams going around here fifty years ago.
Soap pyramid schemes
Tool schemes
Nutria schemes
“Airplane” schemes
Worm farm schemes.
And many people bought into them! All collapsed.
Did I mention Emu and pot bellied pigs?
Let's say there was a 1 year bond worth 1010 bucks and will pay $1000 to you in one year. That bond is effectively a -1% yield to maturity. Let's say 3 months into that one year bond, interest rates on new debt are now -5%. That first bond is now worth $1050 bucks on the open market. If you sold, you'd make ~4% even though you bought a bond that had a negative yield already.
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