Disclaimer. After nearly 40 years managing money for some of the largest life offices and investment managers in the world, I think I have something to offer. These days I'm retired, and I can't by law give you advice. I do make mistakes, but I try hard to do my analysis thoroughly, and to make sure my data are correct. Remember: the unexpected sometimes happens. The expected does too, but all too often it takes longer than you thought it would.

The Goddess of Markets punishes (eventually) greed, folly, laziness and arrogance. No matter how many years you've served Her. Take care. Be humble. And don't blame me.

BTW, clicking on most charts will produce the original-sized, i.e., bigger version.

Sunday, May 4, 2014

Poverty rates in the over 65s

Beaten in the OECD only by Korea which doesn't have a welfare state. When I say 'beaten', I'm not being congratulatory.  And who is to bear the burden of the Coalition's fake deficit crisis?  Three guesses.

Chart from Infinite Horizon

[click to get bigger chart]

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