I see no potential problems with this strategy:
States and companies have started investing very differently when it comes to the billions of dollars they are safeguarding for workers’ retirement.
Companies are quietly and gradually moving their pension funds out of stocks. They want to reduce their investment risk and are buying more long-term bonds.
But states and other bodies of government are seeking higher returns for their pension funds, to make up for ground lost in the last couple of years and to pay all the benefits promised to present and future retirees. Higher returns come with more risk.
It would be nice if our legislators were smart enough to point out that regulatory reform might not be such a bad thing, considering your pension might be at stake. Since that will never happen and spring is around the corner, I’m just going to recommend a little practice gardening, canning, fishing, and learning how to make your own soap.
It’s like Atrios accurately predicted the future and his reward is that now he is damned to live it.