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Thread: The American Politics thread

  1. #3031
    International Captain LongHopCassidy's Avatar
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    Quote Originally Posted by silentstriker View Post
    But just a few years later, currently the stock market is the highest it's ever been. Surely it'll go up and down but your retirement period is 10-30 years generally - you won't be withdrawing your money all at once. In addition, if its a defined plan that you pick from a list of choices, every single one of them would be extremely diversified. It's not like people would be shorting Japanese government bonds with their retirement savings.
    Lots of reasons why those ultimately got trumped during the GFC. A lot of hedge funds were subsidiaries of bigger financial institutions, who dragged them down with them. Otherwise, they were investing in said institutions which all had flawless credit ratings until the day the GFC happened, when everyone panicked and withdrew everything they could. The fallout of that was that even diversified portfolios crashed or got seized as collateral from banks that defaulted - meaning the original payers didn't get a bite of it.

    Basically, unless you had nothing but Treasury bonds or gold you were ****ed to varying degrees. How long you were paying in for didn't matter because the assets of the funds themselves became worthless, and you can only extract from your 401K what it's actually worth.

    And believe it or not, a lot of American hedge funds were investing in stupid crap like short-selling and shady currencies, sometimes without full disclosure. And a lot of Americans went with high-risk options anyway, or were forced to by their employer.

    The stock market is higher, true, but that's mostly because the Federal Reserve has gone into overdrive re-pumping new printed money into the economy and buying worthless bonds off banks. The financial and labour markets are fairly divorced at this point - a Dow at 13,000 with 7.1% unemployment is pretty anomalous in history.

    TL;DR: Unstable is the new stable.
    Last edited by LongHopCassidy; 05-05-2013 at 08:05 AM.
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  2. #3032
    The Wheel is Forever silentstriker's Avatar
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    Quote Originally Posted by LongHopCassidy View Post
    Lots of reasons why those ultimately got trumped during the GFC. A lot of hedge funds were subsidiaries of bigger financial institutions, who dragged them down with them. Otherwise, they were investing in said institutions which all had flawless credit ratings until the day the GFC happened, when everyone panicked and withdrew everything they could. The fallout of that was that even diversified portfolios crashed or got seized as collateral from banks that defaulted - meaning the original payers didn't get a bite of it.

    Basically, unless you had nothing but Treasury bonds or gold you were ****ed to varying degrees. How long you were paying in for didn't matter because the assets of the funds themselves became worthless, and you can only extract from your 401K what it's actually worth.

    And believe it or not, a lot of American hedge funds were investing in stupid crap like short-selling and shady currencies, sometimes without full disclosure. And a lot of Americans went with high-risk options anyway, or were forced to by their employer.

    The stock market is higher, true, but that's mostly because the Federal Reserve has gone into overdrive re-pumping new printed money into the economy and buying worthless bonds off banks. The financial and labour markets are fairly divorced at this point - a Dow at 13,000 with 7.1% unemployment is pretty anomalous in history.

    TL;DR: Unstable is the new stable.
    I am looking at various mutual funds, and I don't see that many that haven't regained their value and more in the time since. If you take a long term view - say the past 50 or 75 years, I think you'd have a hard time arguing that it's not far superior ROI for people to have at least the option to invest in certain designated mutual funds over something like social security. The government could even take a cut to subsidize those who might be wiped out despite picking safe and 'approved' funds - and they'd still come out way ahead. And the government would come out ahead on revenues too, taxing the income at withdrawal.
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    U.N. has testimony that Syrian rebels used sarin gas: investigator | Reuters

    Hell of a plot twist this late in the game. Any money around for Assad's evil henchment infiltrating the rebels and launching the chem weapons on his orders?
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    Quote Originally Posted by Spikey View Post
    wow

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    Oddly enough, that kind fellow did not need a gun to help achieve this good deed

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    Cleveland Hero Was A Repeat Domestic Abuser | The Smoking Gun

    The message; if you have something in your past you don't want publically aired, keep your head down. The part of Cleveland, even the ambo's probably have a DUI or two in their histories.

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    BENGHAZI TRUTH!

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    In Bucks, a heated contest for a largely unknown post - phillyburbs.com:

    Oh American democracy at its finest. No reason for posts like this to be elected....should be an appointee or something surely.



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