Great Video Alfonso, I can't imagine spending my entire life paying into the pension to finally retire and suddenly having no pension to fall back on. Truly a scary situation.
Pensions are a scam, they’re always worth significantly less than they give out. Your goal if you’re watching this video should be to become rich enough that you never neeed one
Love the new 15min videos format! Concise yet with perfect amount of detail. I never get to the hour+ videos because there's 10-15 of them per day in my subscription notifs, so the shorter video notifications always get watched first. Emails tend to get lost in a busy inbox so this is perfect to watch while doing the chores ;)
I don't understand why pension fund's liabilities need to be hedged against interest rate changes. Do those funds guarantee a fixed return to their clients ? Thanks for the good content :)
Alf - if they’re using swaps to provide cash flow for future pension liabilities, wouldn’t the notional of the swaps need to dwarf the pension liabilities? The former pay fixed interest, but the latter have, in effect, a principal and interest component. Ex: pension liability of $100, requires notional swap of 100//fixed rate. Thank you 🙏🏽
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got talking about investment and money. I started investing with $120k and in the first 2 months , my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and gets more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.
@rachealhubert74 Quitting may not be the best approach if you ask me. This is where an AI comes into the picture. I barely have time to trade myself as my job swallows up most of my time. Bridget Mary Turow, a licensed fiduciary whom has made me over 5 figures in profit in less than seven months, handles my investments. I could leave you a lead if you need help.
@rachealhubert74 Bridget Mary Turow her trading strategies is working for me for more than a year now and I’m making good profit from the stock market and she's 100% honest, reputable and trustworthy
What is scary to me is when the pension funds, 401k's, the bond market blow up, that it is possible for the government to take money from those with no pension, in order to make whole the pensions that are due to the government worker? Via taxes? Would this mean the government is going to look after itself first (government pensions), and screw the public that have no pensions? To keep these funds viable is the reason for QE, which goes into the stock market and boosts the stock of those companies the Pension funds are invested in. Don't want the 401k to go bust under my watch so we'll kick the can down the road a little further. CALPERS is 611 Billion under, Illinois 342 Billion under with their pension funds. Not good. No way out. Too much debt that cannot be paid back.
WTF is going on? Bond markets have been more volatile than bitcoin and crypto in the last few months, think about that; something is seriously wrong... End of discussion! Loool 😂
how stupid must you be to go long govt bonds with a derivative overlay on our bond portfolio with deeply negative rates is beyond me. Guess you have to be a consultant to cook this up. Furthermore margin calls are not issued in time because of the OTC nature of this overlay but that is not so smart either
Why did BOE intervene through open market operations and not work with pension funds directly through a private bank intermediary? Also is it certain that this was a liquidity crisis and not a solvency crisis given that most of the pension fund assets are in bonds, likely leveraged for better returns?
Despite the dip in crypto, I still thank you 🙏 for the level-headed financial advice. I started stock and crypto investment with $4,345 and since following you for few weeks now, I’ve gotten $18,539 in my portfolio Thanks so much Mrs Elsie George
Mrs Elsie George is the right person to start trading cryptocurrency with.She knows her way around the crypto space,I have been steadily increasing my investment every day for over months.
Amazing video and thank you for breaking it down!! Despite the economic downturn, I'm so happy I have been earning $ 60,000 returns from my $9,000 investment every 21days.
note I didn't invest only in one income crypto combine with bonds investment with Lauren is the best decision anyone can make. I started with $200k anyone can start with little as you can loose depends on what you want.
The wisest thing that be on everyone’s mind currently is investing in different streams of income that doesn’t depend on the govt. especially with the current economic crisis around the world. This is still a good time to invest in Gold, silver and digital currencies(BTC,ETH….)
After I got upto 300K trading with Cathie Wood .I bought a new House and I'm now able to send my kids to a better school in the states thanks to Mrs Angela Cole Carr. When someone is straight forward with what he or she is doing people will always speak up for them.
40 Trillion dollars that have been nothing, but something Private Equity and every hedge EVER has been able to use to be the counter balance to their bets. They win, pensions lose because the always take the other side of the SHITTY BET.
![Gunna - HIM ALL ALONG [Official Visualizer]](http://i.ytimg.com/vi/HiCxoDeo0hc/mqdefault.jpg)
Understand the markets in 5 minutes with our daily crypto and macro newsletter: blockworks.co/newsletter-2/
Great Video Alfonso, I can't imagine spending my entire life paying into the pension to finally retire and suddenly having no pension to fall back on. Truly a scary situation.
Pensions are a scam, they’re always worth significantly less than they give out. Your goal if you’re watching this video should be to become rich enough that you never neeed one
Thanks Alf, quite literally the best free content available.
Loving these explainers Alf. You are one of my best macro finds.
Amazing video, thank you!
Great analysis! Appreciate you breaking your article down about this issue! Keep up the good work.
I'm not usually a big fan of your videos, but this is excellent. It's by far my favorite video from you by far. Thanks so much for the explainer.
Imagine paying into this for 30 years, you retire, and then this crap happens lol.
Time for purchasing bonds? Long term? Individual bonds or funds of bonds? Thanks
Truely love your briefs, I'm learning soo much on economics then collide with geo-politics, cheers
Alf! Another great explanation to a highly complicated turn of events! Thanks for sharing!
Excellent. Thank you
Excellent Analysis
Love the new 15min videos format! Concise yet with perfect amount of detail. I never get to the hour+ videos because there's 10-15 of them per day in my subscription notifs, so the shorter video notifications always get watched first. Emails tend to get lost in a busy inbox so this is perfect to watch while doing the chores ;)
I hope the macrocompass news is not about putting it behind premium subscription
Thank you!
Excellent report
I don't understand why pension fund's liabilities need to be hedged against interest rate changes. Do those funds guarantee a fixed return to their clients ? Thanks for the good content :)
Alf - if they’re using swaps to provide cash flow for future pension liabilities, wouldn’t the notional of the swaps need to dwarf the pension liabilities? The former pay fixed interest, but the latter have, in effect, a principal and interest component. Ex: pension liability of $100, requires notional swap of 100//fixed rate. Thank you 🙏🏽
Thankyou Alf, it’s much appreciated
A very informative video!
good show
Great video! Thank u Alf
Thanks!
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got talking about investment and money. I started investing with $120k and in the first 2 months , my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and gets more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.
@rachealhubert74 Quitting may not be the best approach if you ask me. This is where an AI comes into the picture. I barely have time to trade myself as my job swallows up most of my time. Bridget Mary Turow, a licensed fiduciary whom has made me over 5 figures in profit in less than seven months, handles my investments. I could leave you a lead if you need help.
@rachealhubert74 Bridget Mary Turow
Lookup with her name on the webpage
@rachealhubert74 Bridget Mary Turow her trading strategies is working for me for more than a year now and I’m making good profit from the stock market and she's 100% honest, reputable and trustworthy
Thanks Alf!
What is scary to me is when the pension funds, 401k's, the bond market blow up, that it is possible for the government to take money from those with no pension, in order to make whole the pensions that are due to the government worker? Via taxes? Would this mean the government is going to look after itself first (government pensions), and screw the public that have no pensions? To keep these funds viable is the reason for QE, which goes into the stock market and boosts the stock of those companies the Pension funds are invested in. Don't want the 401k to go bust under my watch so we'll kick the can down the road a little further. CALPERS is 611 Billion under, Illinois 342 Billion under with their pension funds. Not good. No way out. Too much debt that cannot be paid back.
Blockworks rocks!
Thanks Alf ❤
So. As clear as mud then.
still fishing. got it.
Alfonso a question for you, MAYBE a RUclips video. If you only had one Thousand dollars how would you use it to build your wealth?
If he had 1k he would go to his job, work and save up. You will double up 100 times faster
@@Biggischkris 👍
Crypto, pensions, holding currency. So many ways to lose your wealth these days
You are an amazing asset, please never stop putting out content.
WTF is going on? Bond markets have been more volatile than bitcoin and crypto in the last few months, think about that; something is seriously wrong... End of discussion! Loool 😂
🎯💯
how stupid must you be to go long govt bonds with a derivative overlay on our bond portfolio with deeply negative rates is beyond me. Guess you have to be a consultant to cook this up. Furthermore margin calls are not issued in time because of the OTC nature of this overlay but that is not so smart either
Why did BOE intervene through open market operations and not work with pension funds directly through a private bank intermediary?
Also is it certain that this was a liquidity crisis and not a solvency crisis given that most of the pension fund assets are in bonds, likely leveraged for better returns?
Just end the pension ponzi🎃
Despite the dip in crypto, I still thank you 🙏 for the level-headed financial advice. I started stock and crypto investment with $4,345 and since following you for few weeks now, I’ve gotten $18,539 in my portfolio
Thanks so much Mrs Elsie George
What a striking coincidence, I'm also making profits with her too
How do I reach her?
Mrs Elsie George is the right person to start trading cryptocurrency with.She knows her way around the crypto space,I have been steadily increasing my investment every day for over months.
You can communicate with her on telegam, with the username
ELSIE247
Amazing video and thank you for breaking it down!! Despite the economic downturn, I'm so happy I have been earning $ 60,000 returns from my $9,000 investment every 21days.
note I didn't invest only in one income crypto combine with bonds investment with Lauren is the best decision anyone can make. I started with $200k anyone can start with little as you can loose depends on what you want.
I need someone like this lady I need the info to message and talk to her, I need to win too
Great to see you out of jail!
Outstanding and cogent explanation. Thanks Alf!
Ponzu scheme
First
"We all look forward to some pension"
*laughs in millenial*
Lol forreal I literally did laugh out loud hearing that
The macron compass
The wisest thing that be on everyone’s mind currently is investing in different streams of income that doesn’t depend on the govt. especially with the current economic crisis around the world. This is still a good time to invest in Gold, silver and digital currencies(BTC,ETH….)
After I got upto 300K trading with Cathie Wood .I bought a new House and I'm now able to send my kids to a better school in the states thanks to Mrs Angela Cole Carr. When someone is straight forward with what he or she is doing people will always speak up for them.
Her good reputation already speaks for her last month i invested over $100,000 with her and I've already made over $250,000 profit.
She’s an awesome person I’ve made $125,000 trading with her I’m blessed to meet her
How can I get in touch with her I’m in need of her assistance
She's s active with this ＋𝟭𝟳𝟲𝟱𝟯𝟱𝟬𝟵𝟲𝟱𝟵 currently
40 Trillion dollars that have been nothing, but something Private Equity and every hedge EVER has been able to use to be the counter balance to their bets. They win, pensions lose because the always take the other side of the SHITTY BET.
You state this issue as its acceptable. WTF should pension funds have margin leverage? Defined benefits is a financial joke. Horrible.