Author Topic: The Economy is Going to Implode (Read 127316 times)

Libertas · « **Reply #380 on:** August 20, 2015, 10:49:47 AM »

Savings...retirement...

Heh!

It is not just the Boomers who will struggle...the ZIRP to NIRPer's at the Fed, the free-spenders piling up more debt, the cronies living off the dying carcasses of the masses...they are all conspiring and sowing the seeds of their sooner-than-they-think destruction.

http://www.zerohedge.com/news/2015-08-20/baby-boom-will-never-retire-half-have-no-retirement-savings-all#comment-6447353

Weisshaupt · « **Reply #381 on:** August 20, 2015, 02:11:48 PM »

Quote from: Libertas on August 20, 2015, 10:49:47 AM

Savings...retirement...

Heh!

It is not just the Boomers who will struggle...the ZIRP to NIRPer's at the Fed, the free-spenders piling up more debt, the cronies living off the dying carcasses of the masses...they are all conspiring and sowing the seeds of their sooner-than-they-think destruction.

http://www.zerohedge.com/news/2015-08-20/baby-boom-will-never-retire-half-have-no-retirement-savings-all#comment-6447353

Quote

If it were not for Social Security, half of retirees would be out in the street bringing back another Great Depression like atmosphere. This is in stark contrast to that 401(k) dreams pushed by Wall Street investment banks of endless Margaritas and walks on nameless sunny beaches.

The sad reality is that retirement is no longer what people think. And keep in mind this is happening to the baby boomer generation that lived through some mega US prosperity and stock market bull runs. What about young Americans today that are starting in an even more precarious position thanks to the insane cost of going to college and the mountain of student debt? Many people are realizing that retirement is a luxury only a few can afford.

No one tell this guy how Social Security is paid for... and how SSI is a debtor of the insolvent Federal government.

Pandora · « **Reply #382 on:** August 20, 2015, 03:28:54 PM »

Quote from: Weisshaupt on August 20, 2015, 02:11:48 PM

Quote from: Libertas on August 20, 2015, 10:49:47 AM
Savings...retirement...

Heh!

It is not just the Boomers who will struggle...the ZIRP to NIRPer's at the Fed, the free-spenders piling up more debt, the cronies living off the dying carcasses of the masses...they are all conspiring and sowing the seeds of their sooner-than-they-think destruction.

http://www.zerohedge.com/news/2015-08-20/baby-boom-will-never-retire-half-have-no-retirement-savings-all#comment-6447353

Quote
If it were not for Social Security, half of retirees would be out in the street bringing back another Great Depression like atmosphere. This is in stark contrast to that 401(k) dreams pushed by Wall Street investment banks of endless Margaritas and walks on nameless sunny beaches.

The sad reality is that retirement is no longer what people think. And keep in mind this is happening to the baby boomer generation that lived through some mega US prosperity and stock market bull runs. What about young Americans today that are starting in an even more precarious position thanks to the insane cost of going to college and the mountain of student debt? Many people are realizing that retirement is a luxury only a few can afford.

No one tell this guy how Social Security is paid for... and how SSI is a debtor of the insolvent Federal government.

Quote

The Baby Boom Will Never Retire - Half Have No Retirement Savings At All

A few of us would have socked that SSI "contribution" into savings of our own if we'd been allowed our own money, so thanks for friggin' nuthin', FDR. Too many others counted on SSI so they frittered away, in nickels and dimes, what they could and should have been stashing/investing.

As for 401Ks, we were doing very well with that and if things had held, would have been sitting on a hefty pile come "retirement". Not having kids helped with that (I'd rather have had the kids). As it is, I've been hearing "Social Security will not be there for you" for about half my life now, so we didn't and don't count on it.

Coulda, woulda, shoulda, on many parts.

Weisshaupt · « **Reply #383 on:** August 21, 2015, 08:28:47 AM »

So Political Calculations confirms the current period of (QE) induced order is breaking down
http://politicalcalculations.blogspot.com/2015/08/order-breaks-down-in-s-500-as-expected.html

So yeah, we may be starting the wild ride.

Also Mathiness in Economics

Mostly noteworthy for these TEN WORDS.

Quote

Many econ professors know that some students only pay attention for the first few minutes of any course. So, some immediately tell them that it all boils down to three imperatives (ten little words). 1) at what cost? 2) compared to what? and 3) how do you know?

I don't know if Sowell was the inventor of those questions or not, but one of his columns introduced them to me. I would add
4) Who is to decide?
5) And what is likely to happen after you do that? ( though really a sub question to #1)

Weisshaupt · « **Reply #384 on:** August 21, 2015, 03:05:59 PM »

Well with the down 500 and falling , I decided to see how premiums on junk silver at Apmex are doing. But I can't. They are sold out...

Libertas · « **Reply #385 on:** August 23, 2015, 05:43:47 PM »

Everybody wondering...is this the beginning of The Great Unraveling or just another prelude?

Either way, plan accordingly...by the time things are truly bad, it will be too late.

ToddF · « **Reply #386 on:** August 24, 2015, 07:34:03 AM »

Another 600+ down in the pre-opening.

Is the stuttering clusterf(ail) off the golf course, yet?

Weisshaupt · « **Reply #387 on:** August 24, 2015, 07:39:09 AM »

Quote from: Libertas on August 23, 2015, 05:43:47 PM

Everybody wondering...is this the beginning of The Great Unraveling or just another prelude?

Either way, plan accordingly...by the time things are truly bad, it will be too late.

I think its will just be another notch down in Sept. And then in Oct. And then a War in Nov and a couple of notches. I don't think we will get a sudden collapse. Sudden requires Panic and the sheep are too stupid to panic.

Libertas · « **Reply #388 on:** August 24, 2015, 08:07:53 AM »

Quote from: Weisshaupt on August 24, 2015, 07:39:09 AM

Quote from: Libertas on August 23, 2015, 05:43:47 PM
Everybody wondering...is this the beginning of The Great Unraveling or just another prelude?

Either way, plan accordingly...by the time things are truly bad, it will be too late.

I think its will just be another notch down in Sept. And then in Oct. And then a War in Nov and a couple of notches. I don't think we will get a sudden collapse. Sudden requires Panic and the sheep are too stupid to panic.

True enough but once the dumb herd gets momentum...hopefully we are all where want to be and can avoid the stampede from a safe distance.

Libertas · « **Reply #389 on:** August 24, 2015, 08:11:36 AM »

Quote from: MNHawk on August 24, 2015, 07:34:03 AM

Another 600+ down in the pre-opening.

Is the stuttering clusterf(ail) off the golf course, yet?

Still skanking up Martha's Vineyard aren't they?

I'm sure he is getting panicked calls from Wall St cronies begging for porkulus and another round of QE.

ToddF · « **Reply #390 on:** August 24, 2015, 09:52:01 AM »

Quote from: Libertas on August 24, 2015, 08:11:36 AM

Quote from: MNHawk on August 24, 2015, 07:34:03 AM
Another 600+ down in the pre-opening.

Is the stuttering clusterf(ail) off the golf course, yet?

Still skanking up Martha's Vineyard aren't they?

I'm sure he is getting panicked calls from Wall St cronies begging for porkulus and another round of QE.

Nope. Skanking up Washington DC, now. A happy bunch, for sure.

And double for us.

Glock32 · « **Reply #391 on:** August 24, 2015, 12:07:30 PM »

I still can't believe that's what occupies the White House.

Pandora · « **Reply #392 on:** August 24, 2015, 12:19:40 PM »

Ain't that the truth!

Predator Don · « **Reply #393 on:** August 24, 2015, 12:47:08 PM »

Quote from: MNHawk on August 24, 2015, 09:52:01 AM

Quote from: Libertas on August 24, 2015, 08:11:36 AM
Quote from: MNHawk on August 24, 2015, 07:34:03 AM
Another 600+ down in the pre-opening.

Is the stuttering clusterf(ail) off the golf course, yet?

Still skanking up Martha's Vineyard aren't they?

I'm sure he is getting panicked calls from Wall St cronies begging for porkulus and another round of QE.

Nope. Skanking up Washington DC, now. A happy bunch, for sure.

And double for us.

I believe this pic deserves a "caption this" thread.

Libertas · « **Reply #394 on:** August 24, 2015, 01:03:52 PM »

"I don't care who has the fatter ass! I'm sick of this bickering!"

Libertas · « **Reply #395 on:** August 24, 2015, 01:11:40 PM »

BOT -

Equity Casino tanks on China news...rebounds when the PPT jumps in...

http://www.zerohedge.com/news/2015-08-24/few-examples-just-how-broken-market-was-morning

Interesting to see freemarketeers in PRC go after a ChiCom metals trader...

http://www.ft.com/cms/s/0/02a129cc-4995-11e5-9b5d-89a026fda5c9.html

...should be more of that going around...oh well, soon.

And yeah, rate hike my arse!

http://www.zerohedge.com/news/2015-08-24/it-begins-barclays-pushes-back-rate-hike-forecast-until-2016-admits-fed-market-depen

SS Neverhappen departing.

And, something you don't see out of folks at times like this -

http://itsaboutliberty.com/index.php?action=post;topic=7154.380;last_msg=147415

Don't forget lead!

Libertas · « **Reply #396 on:** August 25, 2015, 07:04:51 AM »

The new abnormal as normal...

http://www.nytimes.com/2015/08/25/technology/tim-cook-of-apple-seeks-to-quell-china-fears-in-email-to-jim-cramer.html?_r=0

...nothing to see here...

Sumbich Cook is missing an "r" in his name! Oh, and take your little dog Jimmie to the dungeon with you!

Jeeesh! You believe this crap?!

ToddF · « **Reply #397 on:** August 25, 2015, 07:18:36 AM »

Giving inside information to CNBC is a no no. But not to worry. Tim Cook's crooked Apple is paid up to all the right people. After all, laws are just for those who don't bribe every last piece of Democrat garbage.

Libertas · « **Reply #398 on:** August 25, 2015, 07:57:08 AM »

#CronyLivesLikeCorzineAndCookMatter

ETA - Ann B - How much lead warning would have been “right”?

Indeed.

Libertas · « **Reply #399 on:** August 25, 2015, 09:33:08 AM »

Rule 48 in play for the second straight day.

#NewNormal

Destination?

http://www.zerohedge.com/news/2015-08-25/where-does-market-go-here-two-opposing-views

Pah! Still not a "correction", a lot of casino players have hot air for chips...many with no real assets have ridiculous value ratios. (Not just picking on Apple!)

Anything going on with derivatives?

#BigHairyMonkeyInTheCorner