Investors and Pension Funds Lose $2.6 Trillion on Wall Street, 2022 losses worse than in 2008 crash
This Is Now The Worst Drawdown on Record for Global Fixed Income
What it means?
Now is a worse wall street crash than 2008. Pension Funds now have about $2 trillion less to pay out to pensioners, meaning pensioners will get smaller or no cost of living increases …. and people planning on retiring some time, may find their pension funds (IRA’s, 401k’s, etc.) broke when they’re ready to retire from work.
And the losses…
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