channelpenguin: (Default)

[personal profile] channelpenguin 2023-11-26 08:44 am (UTC)(link)
It's a fair old bind for pension funds, who have seen their investment possibilities restricted by legislation to the "less risky" (at least as I recall happening when I worked in the IT for a big pension firm 20 years ago). I bet this boom-bust-bankrupt risk isn't priced in (or it's too hard to calculate). I think I'm for pension funds being allowed to invest more diversely. Of course the risks in that come if/when we finally have to admit that capitalism premised on eternal growth doesn't work...