No. of Recommendations: 1
Shilling on pension fund impact on his depressed equity return forecast:

And the pension gap will widen if, as I forecast, we enter an era of mild deflation, low interest rates and depressed equity returns. Companies will have to recognize pension fund losses in their income statements, and the earnings hit will add to the downward pressure on stock prices that many have been suffering lately.

Full article:
http://www.forbes.com/forbes/2002/0902/144.html

JG
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