Where Will All the Jack Come from to Pay All the Government Workers?

A CNBC excerpt:

Detroit, you’re not alone. Across the nation, cities and states are watching Detroit’s largest-ever municipal bankruptcy filing with great trepidation. Years of underfunded retirement promises to public sector workers, which helped lay Detroit low, could plunge them into a similar and terrifying financial hole.

ZIRP pushes stocks up & pension promises to government workers brings ’em down?

Who knows the answer.

But bet on volatility. Bet on trends.

Filed under Economics