Kerry Pechter

[Nick Nemeth (Mispriced Assets) @NickNemo17]

https://t.co/TWy1Yr1SVu

[Kerry Pechter @KerryPechter]

@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.

[Kerry Pechter @KerryPechter]

@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.

[Kerry Pechter @KerryPechter]

@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.

[Kerry Pechter @KerryPechter]

@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.

[Kerry Pechter @KerryPechter]

@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?

[Kerry Pechter @KerryPechter]

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

[Kerry Pechter @KerryPechter]

@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.

[Kerry Pechter @KerryPechter]

@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.

[Kerry Pechter @KerryPechter]

@culture_liege @stadebauer @ultrasinferno96 @fjv_oficial @birisoficial please contact journalist [email protected] about 777

[Kerry Pechter @KerryPechter]

For more info, go to https://t.co/tlKHEDM2pr, and search for stories about "Bermuda Triangle."

[Kerry Pechter @KerryPechter]

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.

[Kerry Pechter @KerryPechter]

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.

[Kerry Pechter @KerryPechter]

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, https://t.co/tlKHEDM2pr. But Chuck called attention to my Twitter handle, @kerrypechter.

[Kerry Pechter @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.

[Kerry Pechter @KerryPechter]

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

[Kerry Pechter @KerryPechter]

@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.

[Kerry Pechter @KerryPechter]

@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.

[Kerry Pechter @KerryPechter]

@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.

[Kerry Pechter @KerryPechter]

@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?]