|
The problem is that while supply is getting better, it is still not solved. Plus, it is still taking more money to get people to work, there for businesses are still passing higher costs on to the consumer.
We have a problem of rising rates and still rising inflation due to at least both of those issues. The Fed have gotten themselves into a bind since they kept easing when they should have stopped stimulus and started raising much earlier. |
True. Remember "Inflation is transitory" from last year Fed speak. Ha ha. The Fed looks like fools. They can't keep looking like fools, so they need to act tough for a few months. There is sticky service related inflation right now. Raised wages, so then the companies pass this cost on to consumers. Consumers pay more for services. |
|
“market is crashing”
Pulls up 10 year chart. Laughs at morons |
DP. I'm not sure what your point is. Markets are up since a long time ago, too. 2020 has no specific bearing on PP's point. I think the PP was only making the point that the Fed and/or Biden are not protecting boomers or Gen X since retirement success is largely dependent on sequence of returns. It is not good to retire in a down market unless you have more than enough funds. Most people rarely achieve more than enough. |
Yes, exactly. I am a big follower of Mohamed A. El-Erian. He was saying they should have stopped easing and raising for ages before Fed finally stopped saying inflation was transitory. If only..... |
Boomers are largely retired and on fixed incomes. Inflation is worst for them. |
| I don't get the hand wringing over the stock market. Unless you are retiring soon, this seems to me to be a golden opportunity to buy shares at a discount. Do you really believe that the stock market is never going to rebound? Biden won't be POTUS forever. |
You know this doesn't have anything to do with Biden. I'm not sure the market is 'discounted' but in general it's good to keep buying. I think the problem are for the people who stretched thin and use the market for quick influxes of cash they need and assumed it just keeps growing. |
Yes, I was being sarcastic. I know it's not Biden's fault, but the POTUS always gets blamed. So putting that aside, Do people really believe that just because their 401k is down - as is mine - that the market will never bounce back? |
It could be a long wait before the market “bounces back.” Look at the 2000-2010 period for a decade of lost returns. |
|
It's called quantitative tightening
You are going to see a lot of volatility going forward when it doesn't look like there's any news. Trillions of dollars are about to be destroyed. |
The impending rate hike, duh. I hear it'll be 75 bp |
Change is inevitable and sometimes painful. |
If I were retirement age right now, with my 401k decreasing in value combined with inflation, I would be upset. |
Im very worried about my in-laws. They are trying their best to live in SS and ride this out and not touch investments. |