Calpers Rebounds, California Still in Trouble
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  • Jim__L

    The asset bubble is hale and hearty thanks to Bernanke.

    Hedge fund managers are also laughing all the way to the bank.

    • Andrew Allison

      I think that the point of the article was that CalPers looks good only as a result of an asset bubble that will inevitably pop (or that the the dollar will be so worthless by the time the beneficiaries get their pensions that it might as well have).

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