Western ‘Pension Crisis' Reflects Investment Incompetence

``The clueless buffoons running these Western pension funds will whine that they have "no choice" other than paying the highest prices in history for worthless paper. "Equities are too dangerous!" they meekly chirp. And here we come to the crux of the problem: as it turns out, all of the "experts" administering these pension funds don't even think for themselves -- but rather allow other "experts" to tell them what they should think.''