Government Unions Benefit from the Asset Bubble that Harms Workers

By Edward Ring
Earlier this month the California Policy Center released a study that provided additional evidence that the U.S. stock indexes are overvalued by approximately 50%, along with calculations showing the impact of a major downward correction on the solvency of California’s state and local government pension systems. Stocks are now at unsustainable bubble valuations. Not covered...

TAGS: asset bubble, CalPERS, low interest rates, Wall Street corruption

The Alliance Between Wall Street and Public Unions

By Edward Ring
“It’s generating real returns for our members, which is exactly what it’s supposed to do,” said Joe DeAnda, a CalPERS spokesman. “It’s real value that we don’t feel there’s another way to achieve.” –  “Are private equity investments worth the risk?,” Los Angeles Times, November 14, 2015 The alliance between government unions and America’s overbuilt...

TAGS: CalPERS, crony capitalism, government unions, Wall Street corruption