Posted on 10/29/2022 6:54:37 AM PDT by ChicagoConservative27
During the “Overtime” segment on Friday’s broadcast of HBO’s “Real Time,” host Bill Maher said that the prospects of avoiding a recession don’t look good and pointed out that people were already losing “a lot of money” in the market.
Financial Times U.S. Editorial Board Chair and Editor-at-Large Gillian Tett responded to a viewer question on rising mortgage rates and monetary policy by the Federal Reserve by stating that the Federal Reserve is in between “a rock and a hard place, in that inflation has been rising. If it doesn’t act, it could get a lot worse. But if it acts too quickly, then it’s going to end up, essentially, tipping –.”
(Excerpt) Read more at breitbart.com ...
everyone except yellin says a recession is right around the corner. guess she’s waiting till after the election to tell us it’s not joe’s fault.
Yes. It’s a set up.
The $917B September Federal spending (along with LNG exports) pumped up the 2022 3rd QTR GDP temporarily just before the Nov election. Well played, Dems
Andrea Mitchell’s husband and Janet Yellen says everything we need to know about the Fed, if we didn’t know the Fed is a criminal enterprise before.
.
...Get worse.
Thank God for the FED, then.
So we really, really NEED the FED, right?
Yeah - like we need a kidney stone...
Not really, their game is visible. They’re not fooling anyone but themselves.
There’s too many savvy folks out there like yourself and others busting their chops and un-spinning their spin. Well done griswold3!
IMHO the money is not being lost. It is going into someone’s pocket somewhere.
And yet they just reported a 2.9% growth rate for the third quarter. It’s inflation that is the problem now. But if they continue to drive up interest rates it will eventually end in a recession.
Maher wanted this economy
I'm in about the same situation as you. However, remember that you are only taking a loss when you start withdrawing the money.
I plan to work at least 2-3 years longer and I'll be continuing to fund my 401k. I'll be buying shares at a lower price due to the downturn and hopefully I'll ride them back up when we finally come out of this.
Those considering retiring now need to be aware of the "sequence of returns risk." Simply stated, the absolute worst time to withdraw from your retirement funds is when the markets are down, as you are selling more investments to pull a set rate of cash. You will now have less investments (shares) to grow in later years. When your financial planner runs the Monte Carlo simulator and tells you that you have a 90% chance of not outliving your money, the 10% chance that you will is directly tied to this sequence of returns risk in your early retirement years.
The Market is just a step above Digital Currency. Neither one is real until it is used to by a usable product, like food or gasoline. That shows the value of these manipulative products.
The Washington Post and New York Times are already writing the stories about it NOT BEING BIDEN'S FAULT - because they're as corrupt as Biden.
The bad part is only beginning
I don’t remember losing a lot of money until Slow Joe came along.
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