From Mish's Global Economic Trend Analysis:
Last week the LA Times reported the California teachers pension fund is $43 billion short.
... Given there is virtually no chance the legislature will pony up $43 billion, CalSTRS considers rolling the dice on commodities. Hell why not? Taxpayers are on the hook if it does not work out.
The California State Teachers’ Retirement System, the second-biggest U.S. public pension, is considering investments in commodities to boost returns...
Read full article...
More on commodities:
How to safely trade gold AND the dollar
Jim Rogers: "Food prices are going to go through the roof"
Casey Research: How to invest for both higher and lower gold prices