—so there’s nothing to have worried about after all ping.
What? Great? Then why is gas higher? And what about groceries higher too?
The economy is not great.
So I don’t have to look this up myself, has the macro econ metric MV, ever went negative in the last 70 years?
5.56mm
He mentioned that after the Nov elections in ‘14 the Feds are going to be ‘sticking their claws’ into mutual funds, money funds, etc., and ‘anything that moves’. But that was it - no follow-up, no outrage, no suggestions on what to do about it - he just seemed resigned to the fact that it's going to happen.
Assuming this comes to pass, what will it mean for the markets, the fund management business, and the average Joe's retirement money, in your estimation?
Great?! Not hardly. When I get the 1st Qtr 401k statement in a few days, I’ll be greatly paring my future stock allocations as well as moving a good portion of the accumulated stock money into bonds/cash/safer funds, etc.
The market won’t levitate on printed Fed money forever. And I don’t consider the June performance of losing 500K full-time jobs while gaining 1M part-time jobs anything but flat to bad.
Prices going up as wages and hours worked go down and the subsistence rolls swell is not a recipe for prosperity.