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A Pension Deficit Disorder - Pension Debts Loom As the Next Financial Crisis
The price of everything 
[Opinion] Aug. 24, 2008
Excerpt: Pension deficits are not like market crashes (although their severity can obviously be exacerbated by them); rather, their malign evolution is something of a slow-burner. To put it another way, banking and property crises are short term. But an underfunded pensions system is the issue of a lifetime.
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