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On the other hand, institutional investors have been on the forefront of the whole leveraged buyout game, and are the ones driving the unrealistic expectation of double-digit (or even high single digit) real return on investment.

- Jake

If you only spend 20 minutes of the rest of your life on economics, go spend them here.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Sat Aug 28th, 2010 at 12:43:32 PM EST
[ Parent ]
And the institutional investors were also heavily involved in the move by retirement funds into commodities. IIRCC, CALPERS is still reeling from the hit they took on oil futures when they were too slow to exit positions in June and July, 2007.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sat Aug 28th, 2010 at 08:41:56 PM EST
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