RE shadow inventory???

[SK in CV]

[quote=phaster]
PS just an educated guess that your dismissal of SPEs and other topics mentioned (like pensions) aside from being somewhat complex, has more to do w/ personal feelings rather than facts…

[quote=SK in CV]
[quote=no_such_reality]
The lump sum payments are stunning.
[/quote]
I suspect much of these “one time payments” are their own money they’re getting back. My brother retired after 33 years with the SDPD last year, and would have been 4th on the list if the search criteria would have been different…

https://piggington.com/how_will_unfunded_pensions_affect_economy?page=1#comment-247006
[/quote]

[quote]
Contributions to public pension plans have increased in recent years, but their unfunded liabilities have increased more, according to an analysis by the Society of Actuaries released Wednesday.

http://www.pionline.com/article/20170621/ONLINE/170629952/public-pension-liabilities-vastly-outpacing-contributions-despite-higher-payments-8212-report

https://www.soa.org/research-reports/2017/public-pension-indices/
[/quote][/quote]

More like an uneducated guess about something you clearly don’t understand. The many year old quote about my brothers retirement benefit has nothing to do with SPE’s.

[phaster]

[quote=SK in CV][quote=phaster]
given bold statements, care to share any verifiable expertise on the topic, as per piggington forums moto “In God We Trust. Everyone Else Bring data” ???

FWIW the WSJ author seems to have a formal education on applicable topics as well as work experience (and you ???)

[/quote]

Yeah, I’m a CPA. I’ve been preparing and reviewing financial statements for more than 40 years. I don’t report on it. I actually do it.[/quote]

data??? otherwise…

http://www.TinyURL.com/piggington

http://www.TinyURL.com/CalPERSMismanagement

[SK in CV]

[quote=phaster][quote=SK in CV][quote=phaster]
given bold statements, care to share any verifiable expertise on the topic, as per piggington forums moto “In God We Trust. Everyone Else Bring data” ???

FWIW the WSJ author seems to have a formal education on applicable topics as well as work experience (and you ???)

[/quote]

Yeah, I’m a CPA. I’ve been preparing and reviewing financial statements for more than 40 years. I don’t report on it. I actually do it.[/quote]

data??? otherwise…

http://www.TinyURL.com/piggington

http://www.TinyURL.com/CalPERSMismanagement%5B/quote%5D

Data? To prove a negative? Sure, there is no data to back up the claim of shadow inventory being hidden in SPE’s. None.

I note that for your source, experience as a journalist is sufficient. But somehow my experience actually doing the work that the journalist writes about is not sufficient.

[Author]

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