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2016 Is Looking Like One Bad Year Financially
American Faith Today ^ | January 23, 2016 | American Faith Today

Posted on 01/23/2016 12:34:27 PM PST by American Faith Today

On today's show I wanted to go back to something that I haven't dealt with in a while, and that's the economy. I of course am not an economist, but I do put my trust in what economists and economic commentators say we need to be watching rather than what the government says the unemployment rate is. We've gotten off to a very rough start in 2016 when it comes to global markets, wealth lost in the stock markets, global trade, and companies looking to downsize their workforce. I don't like to talk negative but I do like to talk reality. Knowledge, information, and truth is power as long as it's accurate and indeed is truthful. I'll be talking about all this today on the show, live at 4:30 Eastern time and archived after that.


TOPICS: Business/Economy; Chit/Chat
KEYWORDS: economiccollapse; jobs; talkradio; trade
Talking real economic news and indicators today at 4:30 Eastern,archived afterward.
1 posted on 01/23/2016 12:34:27 PM PST by American Faith Today
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To: American Faith Today

I took 85% of my mutual funds and transferred to money market at a lousy 1%. I can’t afford to see my retirement get cut in half for a third time.


2 posted on 01/23/2016 12:43:25 PM PST by IC Ken
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To: IC Ken
I took 85% of my mutual funds and transferred to money market at a lousy 1%. I can't afford to see my retirement get cut in half for a third time.

Did you have to pay any transaction fees?

Regards,

3 posted on 01/23/2016 1:12:45 PM PST by alexander_busek (Extraordinary claims require extraordinary evidence.)
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To: alexander_busek

No transaction fees BUT I can only take 25% from money market a year if the market changes for the better and I want to put it back into mutual funds. I was in Northwestern Mutual.


4 posted on 01/23/2016 1:16:24 PM PST by IC Ken
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To: American Faith Today

Yeh like we are heading into a deflationary depression. Its not going to be pleasant.


5 posted on 01/23/2016 4:16:34 PM PST by Georgia Girl 2 (The only purpose of a pistol is to fight your way back to the rifle you should never have dropped)
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To: IC Ken

Ouch- Sorry to hear that.


6 posted on 01/23/2016 6:05:36 PM PST by American Faith Today
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To: Georgia Girl 2

To much money sloshing around for deflation.


7 posted on 01/23/2016 6:08:02 PM PST by central_va (I won't be reconstructed and I do not give a damn.)
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To: central_va

We are in deflation now.


8 posted on 01/23/2016 6:18:48 PM PST by Georgia Girl 2 (The only purpose of a pistol is to fight your way back to the rifle you should never have dropped)
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To: Georgia Girl 2

Please tell the guy that runs my local Food Lion that.


9 posted on 01/23/2016 6:19:32 PM PST by central_va (I won't be reconstructed and I do not give a damn.)
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