Yep.
I do appreciate the call out on the cheating though. We might get more participation in a fair market by individuals which could only be good.
and get a return that barely beats inflation. with interest rates so low, there's a real incentive to be riskier with one's nest egg.
Yep.
I do appreciate the call out on the cheating though. We might get more participation in a fair market by individuals which could only be good.
Why? What do you think that would accomplish?
peanuts compared to the financial sector's pump up a bubble, then get rich on the dump
Get rich on the bump?
Were you around about 2007?
The financial sector got its ass handed to it.
the financial sector was bankrupt, got bailed out, and now is bigger, stronger, richer than ever, while the rest of us are still mostly screwed, poorer, weaker, impoverished, un/under-employed.
the bubble was GOOD for the financial sector
so that 8 or so K that you are putting in will probably gain about 20% of its value in about 30 years when you can actually think about touching the money. So let's say you will have around $10,000 (being very optimistic) in 30+ years due to inflation those 10K will be worth about 7K and when you really need the money will be forced to pay taxes/fees which will reduce the amount to less than 5K.
Congratulations You will be able to afford a few happy meals to enjoy your retirement
meanwhile the financial sector has made a great % from your investment in interest and fees and when you multiply that by the millions of rank and file americans that follow your footsteps you have helped make the financial sector gazillions![]()
Wut? Look up compound interest...
But food stamp abuse...
So they created the bubble because they knew it would be good?
Lehman brothers needs to stop this BS... oh wait a sec...
So where is your money Warren? It's not in any sort of stock so where is it Mr. Vegas?
Yea right. The ones making the rules are the ones profiting.
Actually a lot of ordinary people profited a great deal 2013. I bet those taxes are higher.
But the fact is they could have profited a bit more if it was fair. That being said I don't know what other place one should put their money if they want to see maximum long term growth. Anyone ... with a better place to achieve this?
sure. the financial, regulated and shadow, made $100Bs with the housing + credit bubbles.
there's a saying in Silicon Valley "Let me live through one more tech bubble". and there's one going on right now
Does Lehman Brothers want another bubble, does Countywide, and on... They knew AHEAD they would be bailed out? They were shaking in their boots. The whole damn country was. You knew who would get bailed out ahead of time?
lehman, etc made $Bs off the bubble.
Secretary Paulson/Goldman wanted its rival Lehman, even if was the biggest bas on the street, gone. Goldman, however, has thrived and grown bigger than ever from the crash.
So the bubble was good for Lehman because they are gone.
And what is Paulson doing in all this mess, why was he even necessary since it was all so well planned and played out as expected?
Again you forget fail to look at what was going on during the crisis. You look at the end result and assumed some plan worked? Are you serious? I bet you threw big money at Goldman knowing they had it all figured out...
learn to know when you're slapped![]()
Well it's not when the emoticon comes out. That's your I got nothing signal.
So all finely orchestrated when all was breaking loose.
You got it all figured out in hindsight Boots.
*cue polite dog show fingers to palm clap*
Splendid boots, just amazing foresight.
Put it into starting your own business.
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