Posted on 01/14/2015 3:37:45 PM PST by MarchonDC09122009
“Sounds like an excuse for the impending collapse...prepare accordingly.”
I wouldn’t worry too much about it. Those of us that have put away for the future and have a positive net worth, are the same ones who would end up on top again if the SHTF. We didn’t get where we are by being stupid...
Look how many times Donald Trump has gone from rags to riches.
Remember this... Half the population is below average intelligence. I know, I know, that that isn’t totally accurate. It’s “mean” not average, but it’s close enough for government work.
The Lord giveth, the Lord taketh away.
keep the pumps running!
Folks, I’ll refrain from further gloom posts.
So much of that, bringing it here not helpful.
BTW: this isn’t a crank article from Zero hedge.
These Federal Reserve researchers authored this stock market prediction and PE ratios halved.
Thanks for input and hoping for the best.
From article:
Zheng Liu is a senior research advisor in the Economic Research Department of the Federal Reserve Bank of San Francisco.
Mark M. Spiegel is a vice president in the Economic Research Department of the Federal Reserve Bank of San Francisco.
I hear the sound of gunfire almost daily. It is the sound of freedom. I built the first range on the mountain I live on here in Montana. Since then several other neighbors have built ranges. And I'll be building a new pistol range this spring. In Montana, the average number of firearms per home that has firearms is 27, 4 year old statistic.
We don't feel the need to cower and keep our plans to ourselves. It is common knowledge that if you fool around here with something that doesn't belong to you you're gonna get shot.
“...boomer’s liquidating equities...”
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As a young lad, I learned 4 lessons in economics from my daddy.
#2 was: “money has to ‘sit’ somewhere.
#3 was: it ‘costs money’ to ‘move money’.
Lived in Montana (7 years in Billings), a native Texan (rural West Texas)and a veteran. So I know guns. But I have a problem with their aggrandizement in the same way I have a problem with folks letting us know all about their sexual preferences.
Lived in Montana (7 years in Billings), a native Texan (rural West Texas)and a veteran. So I know guns. But I have a problem with their aggrandizement in the same way I have a problem with folks letting us know all about their sexual preferences.
Exactly what I was thinking.
The workforce participation rate is going through the basement, wages are either decreasing or stagnant while the costs of living is going through the roof, with those that DO have jobs living basically paycheck-to-paycheck - not saving a dime.
The future doesn’t look good at ALL for all of those retirement funds. The only people that are going to be well off are those which are cashing out RIGHT damn NOW!
Ummm, the article says just the opposite
lol
Stay in your closet if you are more comfortable there.
But don’t expect proud gun owners to stay in theirs just because you feel uncomfortable with them expressing their freedom.
This article is officially the “dumbest thing I have ever read in my life.” Please but this person a macroeconomics class at his local community college (free of charge, of course, Obama-style)
What are you talking about?
Your post makes no sense - pure gibberish.
I would say the intelligent baby boomers are removing all monies from investments, banks, and some are leaving USA and retiring elsewhere.
In November at G20: Banks now own retirement accounts as capital if the derivatives need to be paid to prevent a bank from closing like in 2008.
Many are paying off mortgages so they can retire...and not lose their money in a crash.
Same here.Constant sound of people building their skills.I just loaded my first batch of match ammo tailored to my M1A NM.A hundred rounds are going downrange tomorrow,plus a few mags through the MP5.
I lost my black sock. Did you take it? You Boomers are always ruining everything!
What did daddy say were #1 and #4?
I guess #4 was ‘plastics’, but yeah what was #1?
If one is lucky to have an employer match your investments a person would be a fool to not take advantage of 401Ks which are great. Best to leave 401k’s alone to grow as one will surely need as much as one can save for retirement. I know.
As far as getting out of stocks it depends on when you need the money. if you need the money within 8 years or so best to not be in stocks. on the other hand I can’t imagine anyone not having at least some money in high dividend stocks as a hedge against inflation over the long haul. however one would have to have the stomach to perhaps watch it cut in half at any time. tough game.
Don’t believe this report. We boomers are savers and investors. Most of us have had worked for years and years at good paying jobs with few layoffs. We are in good health and expect to live years to enjoy our retirements.
Many of us have pensions and have Medicare Advantage plans through our former jobs. My S.S. money is our travel and fun money. A lot of us have 1+ million in assets, 401ks or IRAs, all in stocks and mutual funds. We have to take some out after age 70 & 1/2, but that’s a slow liquidation, not a dump.
Obama’s $18+ trillion public debt and unfunded entitlements will tank the economy, not boomer stock sales.
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