ChickenLips

When Will the Market Turn Negative Again?

Population growth will get us out of this mess? That's amusing. I guess all these babies come out of the womb with wads of cash attached to their feet. Babies do demand more services and products, but if their parents are broke and don't have any disposable income, does an increase in population really help the economy? Look at third world countries.

Seriously, what concerns me the most is that most of my laid off friends are draining their 401k accounts to supplement their weak unemployment benefits. According to our government statistics, nearly 10% of the population is unemployed. If the unemployed drain their retirement accounts (which we all know what is happening since their incomes are falling), that's 10% more people who will definitely be dependent on the government in the future too. Where is the recovery in that? The stock market has to dip soon, this foolishness can't go on any further.