FROM: Lisa Sorani, Manager of HR Employee Services LS -
FROM: Lisa Sorani, Manager of HR Employee Services LS -
FROM: Lisa Sorani, Manager of HR Employee Services LS -
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POSSIBLE OUTCOMES: ALTERNATIVE SCENARIO 2<br />
r<br />
• The next alternative ti scenario is similar il to the first but brings in the complicating role <strong>of</strong> fiscal<br />
policy and Government debt which will likely have a large impact on the future course <strong>of</strong><br />
interest rates<br />
• In reality this second scenario is really a series <strong>of</strong> multiple sub-scenarios comprised <strong>of</strong> similar<br />
themes<br />
• Before we can jump into the analysis <strong>of</strong> what the impact <strong>of</strong> these different sub-scenarios scenarios will<br />
be on interest rates and Fixed Income returns we must set the stage<br />
o<br />
Please excuse the quick journey through Government finances<br />
Pension Consulting Alliance, Inc. ││ EBMUD Fixed Income Discussion │ 24