3 replies to this topic

[redfoliage2]

https://www.bloomber...llocation-to-44

[Data]

Big drop in the Nikkei: the largest pension fund announced it reached its allocation targets.

 

https://www.themacro...017/11/13/gpif/

 

There are also indications that the BOJ will no longer step in as much per the YCC policy to cap interest rates.  Most of the board now dissents on the policy.    

 

There is also the ECB and BOJ tapering.  On the other side is the debt ceiling that suspends net debt issuance in the US starting in December.  The government has till then to halt pension contributions for government employees and then borrow invested funds on Dec 8 to buy time.

Edited by Data, 14 November 2017 - 11:18 AM.

[libertas]

Speaking as a bear, this is scary because CalPers is notoriously inept.

[senorBS]

interesting that the world's largest hedge fund run by Roy Dalio has significantly increased its gold holdings

 

http://www.zerohedge...-largest-holder

 

Senor