Posted on 09/28/2010 10:27:44 AM PDT by jacquej
If we assume that a retired middle class couple has managed to save 100,000 to supplement SS and Medicare.... that means they have lost $12,000 dollars since June.
Obviously, this couple is clueless that the value of their savings is being eroded day by day.
Please send this on to your "representatives" in D.C. Even if "they don't give a damn"!
And silver goes up as the Fed buys stock. Neat trick./.....Arrest and jail them.
The Stock Market LUVS bad news for America.
don’t forget tom scroll down to the bottom to see the comments!
... because according to the Fed, there's no inflation... discounting food and fuel (and who needs that!!)
There is a huge difference between starving and being sick and tired of eating cake every day
And how many companies on the DOW do their manufacturing and/or selling in countries other than ours?
Not sure what you point is? Is it that Federal Reserve propping the stock market?
Investors know there are still companies that are profitable and good to own. They have money to speculate, and are still free to bid up stock prices, for now.
Companies that sell necessities will do well under Democrats, because that’s all most people will afford themselves, rich or poor. Everyone is on defense for now, the hoarding will continue until all tax brackets(especially and including the rich) are lowered.
Me thinks that abbreviations are fine after at least one time showing what they stand for. Betcha many are asking, What’s POMOs & MBS.
The comments after Denninger’s ticker article will help you understand, and perhaps it would be best to ask there.
I am no expert on these things, and would hate to give you bad info.
I am not making a point, Son. I am reacting to Karl Denninger’s analysis of what is going on with the dollar, inflation, and the consequences to our cost of living, and the reduction in value of our savings.
Please don’t shoot the messenger?
As my old buddies are saying, "There's no bloodless way back from here."
http://www.telegraph.co.uk/finance/personalfinance/savings/8028884/Savers-told-to-stop-moaning-and-start-spending.html
It can be summarised as "suck it up and quit whining - you deserve it and can afford it."
And now for something completely different....
(or don’t believe all they tell you elsewhere....there is a better reason, earnings)
* S&P 500 Sectors Forward Earnings & Valuation (weekly): What’s the latest direction in weekly forward earnings per share and valuation for the 10 S&P 500 sectors? In the week ended September 16, forward earnings edged lower for 9/10 sectors, but valuation rose for all 10 sectors. Forward earnings at a record high for Health Care, and near a record high for Consumer Discretionary, Consumer Staples, and Tech. Forward earnings near a cyclical high for the rest: Energy (21-month high), Financials (21-month high), Industrials (21-month high), Materials (23-month high), Telecom (11-month high), and Utilities (19-month high). S&P 500 P/E up to 12.2 from 11.9 and from a 16-month low of 11.5 in early July, but down from a 27-month high of 15.1 in October 2009. P/Es are up from cyclical lows 11 weeks ago for all of the sectors, but the relative P/E is near a 14-year low for Tech, and near a six-year high for Telecom. For detailed charts including squiggles, see Earnings Week (with Squiggles) on our website
Through hard-work and thrift, I retired at age 50, seventeen years ago. If the govenment will leave me alone, I will do okay.
No! Don't send it. They will give themselves a 12% raise.
All wealth is current and future. There are no “savings” or “investment” that are not at risk from the dishonest.
When folks let the establishment — both government and business — become commonly dishonest then all savings and investment is at great risk, of not only becoming worthless, but even of becoming a serious liability.
That has happened. Public companies have no regard for fiduciary duty, private companies honor only the strongest shareholders, and our perverted government and it’s institutions honor only the most dishonest.
Who thinks they have any wealth? Today, all must WORK to gain it, and that “work” is the very hard work of restoring in our society, individual by individual, institution-by-institution, the honor of scrupulous honesty, and the awful shame of dishonesty.
I wish we had succeeded as well as you have, Blam...
But, every time we had a good year (self-employed solo architect) the dadgummed .gov changed the rules on us, and we had to dip into savings to survive and raise our 4 children. We started the solo practice back in the mid 70’s.
So think back to all the changes in tax laws that affected the up and down construction industry, and know why saving was somewhat problematic.
I would assume most very tiny businesses have a similar problem of not being able to plan for the long term because of constant changes in the tax laws.
And, some of us not well informed enough to play the market games, or do not have the free time, and need to have savings to carry through a downturn.
And, Blam, I hope the .gov leaves you alone. But, I am not optimistic!
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