Kerry Pechter

@NickNemo17 Very good article. The high-leverage companies will get out of this business in the highly unlikely event that there's federal regulation. Light state regulation is part of their business plan, and profitability.

@NickNemo17 The solution for the public is to stop buying products from the wrong insurers. But those insurers offer the highest yields on their annuities, so people continue to buy them. In any case, these deferred annuities aren't used as annuities and shouldn't be called such.

@NickNemo17 Retirement Income Journal has been covering this for six years. We call it "The Bermuda Triangle" strategy: fixed annuities/private credit/affiliated offshore reinsurance.

@SVG__Collection I bought the Love Supreme vinyl album in the fall of 1969 at a record store in Columbus, Ohio. A bunch of us, Peggy, Fletcher, Paul K. and I drove down from Kenyon College in Paul's rusty 1965 Plymouth Fury convertible. The Kent State massacre was six months away.

John Coltrane only played “A Love Supreme” live a few times, and this rare video from 1965 live in Antibes, France, is one of them.

@lizrhoffman Liz, The US is not a business. Social Security doesn't have anything to do with the yield on Treasury bonds. Larry Fink and Anant Bhalla blow smoke at you. There's more to life (and risk) than investments. Can we chat?

Larry Fink is a pretty good barometer for how CEOs are feeling: edgy, with a side of wait-and-see . More from our interview here semafor.com/article/03/12/…

@semafor Liz, We need to talk about this. Kerry Pechter, publisher, Retirement Income Journal.

🟡 NEW: BlackRock CEO Larry Fink says US officials should revisit the idea of private investment accounts to supplement — though not replace — Social Security, whose modest returns have been far outpaced by US economic growth and financial markets. “We have a plan called Social Security that doesn’t grow with the economy,” Fink told Semafor’s @lizrhoffman. “You’re detached from the economy, and you don’t feel like you’re winning.” Read the full story in Semafor Business ↓

@TheDemocrats That phrase struck me too. I know a black therapist, investment banker turned fintech entrepreneur, lawyer, prenatal care specialist, marketing specialist, retired NASA engineer, independent insurance agent, dance teacher, retired helicopter pilot, etc.

Still Googling…

@BTracyQuotes @RayDalio A rallying thought, but it's more complicated than that. Risk-taking can be done to achieve comfort. Risk-mitigation and prevention pay off too. Preventive measures and preparation are rarely wasted.

@RayDalio “The future belongs to the risk-takers, not the comfort-seekers.” – Brian Tracy

Remember that for an organization to be effective, the people who make it up must be aligned on many levels—from what their shared mission is, to how they will treat each other, to a more practical picture of who will do what when to achieve their goals. Yet alignment can never be taken for granted because people are wired so differently. We all see ourselves and the world in our own unique ways, so deciding what’s true and what to do about it takes constant work. #principleoftheday

@culture_liege @stadebauer @ultrasinferno96 @fjv_oficial @birisoficial please contact journalist kerry.pechter@retirementincomejournal.com about 777

@stadebauer @ultrasinferno96 @fjv_oficial @birisoficial #777OUT

🌍🚫Supporters des quatre coins du monde unis contre 777 et la multipropriété !🚫🌍 #777OUT #NONàLaMULTIPROPRIETE 👇👇👇

For more info, go to retirementincomejournal.com, and search for stories about "Bermuda Triangle."

These strategies are sometimes executed by unaffiliated insurers, reinsurers and asset managers. But sometimes they are affiliated, which reduces transparency and makes some people nervous about the quantity and quality of unseen assets backing their liabilities.

Chuck and I talked about my articles on the "Bermuda Triangle Strategy." That's what I call the three-way strategy by which life insurers, partnering with reinsurers and asset management firms, are reducing their capital requirements and increasing their investment returns.

Chuck Jaffe, host of MoneyLifeShow, had me on as a guest today. I haven't tweeted much--not at all, really--because I preferred to save up my comments for my weekly e-newsletter, retirementincomejournal.com. But Chuck called attention to my Twitter handle, @kerrypechter.

@JeffreyToobin @NewYorker Brilliant journalist whose work I've read for 25 years. As Joe E. Brown said to Jack Lemmon in the speedboat at the end of "Some Like It Hot"--Nobody's perfect.

@Neil_Irwin Maybe people are hoarding cash so they can buy stocks.

@markkuilmari Romer's FA piece doesn't complete its own train of thought. Powerful interests lionize, enrich and give endowed chairs to frauds like Laffer, Greenspan and M. Friedman because their messages are useful. The sediment will rise to the top, no matter what "good" economists do.

Who are "the few" in Paul Romer's blog? Kydland, Prescott, Lucas, Sargent, Smets, Wooters...? paulromer.net/what-went-wron…

@paulmromer Romer's FA piece doesn't complete its own train of thought. Powerful interests will seek, enrich and give endowed chairs to frauds like Laffer, Greenspan, and M. Friedman because their messages are useful. Frauds will rise to the top, no matter what "good" economists do.

To bypass the Foreign Affairs paywall, use the link to my review that I put in a post on my website: paulromer.net/what-went-wrong Or just memorize this URL — I am not making this up: foreignaffairs.com/reviews/review…

@AngieHogeboom @richardhine Because the American public needs to hear more... from Giuliani, Bolton and from the president himself. BTW, only guilty defendants refuse to testify.

Until yesterday, Trump denied knowing #LevParnas. The #TrumpTapes prove he lied. Murkowski and Collins are upset because Schiff quoted news reports about Trump’s #HeadsOnAPike threat? Give me a break. America needs a fair trial. #ShesWorthIt thedailyedge.substack.com/p/b570da40-dbb…

@nytimesarts @_SaraAridi Where can I stream this movie? [How can you write about a movie today and not give the reader a hint about where or when he/she can see it?]

Why has "Honeyland" —  a movie about a poor woman in an isolated village from little-known filmmakers — resonated with viewers around the world? nyti.ms/2GgF9Ei