Reply to More stock market carnage coming?! S&P futures down another 4.5%!

Forum Index » Money and Finances

Reply to "More stock market carnage coming?! S&P futures down another 4.5%!"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We need the retirement accounts because globalization killed defined benefit pensions.  In addition to blue collar jobs.
[/quote]
No. What you need is...restraint. Who said pensions were a given? Who said, retirement accounts should be mostly invested in stonks?? There's a reason a 60/40 split of stocks/bonds was considered a balanced portfolio. Look at the 10y yield. It has not dropped this much, this fast for quite a while. It's doing the job of the Fed, causing rates to go down, without bowing at Powell's feet.

We've been living large on borrowed time and money for far too long. If the current events actually stick and cause "reality" to rear its head, we're looking at a lot of pain. And that pain is needed.[/quote]

Why, other than having heard on the Fox, do you think that pain is needed?  DO you truly believe that this will bring back a manufacturing jobs?  Best case scenario is maybe that manufacturing labor force goes up 3-4% from 7% to 11 % total US jobs. Automation is what's really has been keeping manuf employment in check and that will not change.  SO peasants will have to pay more for the goods and they will still have the same shitty service sector jobs.[/quote]
Pain is needed...because...a dual income household today...has the same purchasing power as a single income household in the 70s. Take a wild guess what happened in the 70s. I'll answer it. Bretton Woods.

We SHOULD be more prosperous than we are with dual incomes...but we're not. The last 50yrs have been all about...pick your adjective. The problem is, nobody did anything about it until now. With Trump. Whether you like him or not is irrelevant, he's putting wheels in motion that are reminiscent of a bygone era.

Deal with it.[/quote]

The relentless stupidity of this type of post is the problem. The morons are fully in charge.[/quote]

This is what’s happened - we don’t listen to each other and respectfully disagree. 
No more civility- just name-calling. [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics