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<p>[QUOTE=&quot;Juan Blanco, post: 1663621, member: 41665&quot;]Hi Rono-</p><p>I&#039;m sure there are some major pension funds that are solvent and well-maintained, <i>now</i>. And others that <i>look to be </i>solvent... but might not be, when the next crisis hits. </p><p><a href="http://globaleconomicanalysis.blogspot.com/2010/12/wsj-reports-new-jersey-pension-deficit.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://globaleconomicanalysis.blogspot.com/2010/12/wsj-reports-new-jersey-pension-deficit.html" rel="nofollow">http://globaleconomicanalysis.blogspot.com/2010/12/wsj-reports-new-jersey-pension-deficit.html</a></p><p><br /></p><p><b>CIRCA 2017, not &quot;in&quot;:</b></p><p><b></b><a href="http://www.zerohedge.com/article/no-garden-variety-public-pension-crisis" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.zerohedge.com/article/no-garden-variety-public-pension-crisis" rel="nofollow">http://www.zerohedge.com/article/no-garden-variety-public-pension-crisis</a></p><p>&quot;...there&#039;s a 25 percent chance of the {NJ} fund running out prior to 2019 and a 10 percent chance of insolvency by 2017.&quot;</p><p><br /></p><p>Watch Illinois, New Jersey, Conneticut, Arizona, even Massachusetts ... the dominos will start falling very quickly soon after 2017. </p><p>&#039;No funds left&#039; mean <i>the stocks get sold</i> in liquidation. (Boomers will be bailing out en masse, likewise.) </p><p><br /></p><p>Pritchard AL looks like the future when the tsunami of defaults begins: <a href="http://blog.al.com/live/2013/02/chickasaw_erects_barricades_be.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://blog.al.com/live/2013/02/chickasaw_erects_barricades_be.html" rel="nofollow">http://blog.al.com/live/2013/02/chickasaw_erects_barricades_be.html</a>[/QUOTE]</p><p><br /></p>

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