Free Republic 2nd Qtr 2020 Fundraising Target: $88,000 Receipts & Pledges to-date: $65,876
74%  
Woo hoo!! And we're now over 74%!! Thank you all very much!! God bless.

Keyword: publicpensionfunds

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  • Moody's: US Public Pension Funds Face Nearly $1 Trillion in Losses

    03/25/2020 7:47:37 PM PDT · by Jim Robinson · 42 replies
    newsmax ^ | Mar 25, 2020
    The market crash and the economic fallout from the coronavirus have led to nearly $1 trillion in investment losses for U.S. public pension funds, Moody's Investors Service said. The credit rating agency said the funds are generally facing an average investment loss of about 21% in the fiscal year that ends June 30, based on a March 20 snapshot of market indexes. The severity of the spreading COVID-19, the disease caused by the virus, and government-ordered shutdowns in various U.S. states have weighed heavily on Wall Street, with the Dow Jones Industrial Average erasing over three years of gains in...