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Via Pension Pulse. Mebane Faber of Cambria Investment Management sent me an excellent paper he authored, What if 8% is Really 0%? Pension Funds Investing with Fingers-Crossed and Eyes Closed : It is well known that pension funds in the United States are underfunded even if they achieve their projected 8% rate of return. The scope of pension underfunding increases to an astonishing level when more… Broadcasting platform : YouTube Source : zero hedge Discovery Date : 21/06/2011 05:24 Number of articles : 2

What if 8% is Really 0%?