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marketwatcher23

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  • Even The Woefully Underfunded Retiree Can Survive The Next Crash: Here's How [View article]
    I am waiting for you to back up your assertion. There have been daily reports about interest rates going up imminently for the last 6 years as well. So much for that. You gave no detail. So I am not sure what you mean by "detailed above".
    Jan 20, 2015. 08:14 PM | Likes Like |Link to Comment
  • Even The Woefully Underfunded Retiree Can Survive The Next Crash: Here's How [View article]
    When it comes to necessities like food costs rising that is deflationary. People need food no matter what and will pay whatever they have to for it. Spending more and more for food however will cause them to spend less on other stuff that is not as essential. Biflation is rising costs in the things you need and falling costs in the things you have.
    Jan 20, 2015. 09:03 AM | 1 Like Like |Link to Comment
  • Even The Woefully Underfunded Retiree Can Survive The Next Crash: Here's How [View article]
    George you described this recovery with no details. Can you give me some detail on wage growth? You can't because there is none. Can you give me some detail on the savings rate? You can't because people have no savings. Can you explain why 92 million people are unemployed? It certainly is not because the baby boomers all happily retired. You have no real data to back up your assertion that there is a recovery and if you were even half right we would be dealing with inflation, not deflation and rates would be moving much higher, not negative. I am not trying to be unkind here but that's the truth.
    Jan 20, 2015. 07:29 AM | 1 Like Like |Link to Comment
  • Even The Woefully Underfunded Retiree Can Survive The Next Crash: Here's How [View article]
    hendrik don't take anyone's advice to much to heart because nobody knows what tomorrow brings and we are all just guessing. With that said my guess is I'd stay far the hell away from anything high yielding tied to energy. I have been and continue to go from here with the belief that interest rates will stay here or lower for decades and oil will absolutely not be making any comeback in the near future.

    I believe the bernak and yellen have made it clear that we need to get into the broad market and they will lift it for us. Anyone making any bets in individual sectors have seen the carnage (small caps and now energy) and been warned.

    As the economy continues to worsen (I think George is a good guy and writes well but he is absolutely wrong if he thinks anything is recovering and wage growth is around the bend) the fed will continue to push markets higher to try to compensate for it. Good luck.
    Jan 19, 2015. 06:33 PM | Likes Like |Link to Comment
  • Even The Woefully Underfunded Retiree Can Survive The Next Crash: Here's How [View article]
    "Eventually, that will lead more folks to the public sector for employment opportunities"

    You just described Greece George. 85% of employment is public sector. that's exactly where this goes.
    Jan 18, 2015. 08:12 PM | 1 Like Like |Link to Comment
  • Even The Woefully Underfunded Retiree Can Survive The Next Crash: Here's How [View article]
    Because you don't have a choice and rates have been low for 6 years and will be zirp 4eva
    Jan 18, 2015. 08:10 PM | Likes Like |Link to Comment
  • Even The Woefully Underfunded Retiree Can Survive The Next Crash: Here's How [View article]
    "In addition,there are too many fees involved, hidden charges, surrender fees and complicated provisions."

    George none of that applies to an immediate annuity. I agree with your point about the guarantee being good only from the insurance company, but in NY where I am there are no examples of insurance companies not making good on that guarantee. There are plenty of examples of stocks slashing their dividends etc. Like you mentioned you just have to do your dd.
    Jan 18, 2015. 07:56 AM | 1 Like Like |Link to Comment
  • Even The Woefully Underfunded Retiree Can Survive The Next Crash: Here's How [View article]
    George, while everything you said is accurate, it is only accurate in applying to the private sector, not the public sector. It's actually the complete opposite for the public sector. That divide is going to become way more clear to people in the near future.
    Jan 18, 2015. 07:52 AM | Likes Like |Link to Comment
  • Even The Woefully Underfunded Retiree Can Survive The Next Crash: Here's How [View article]
    I honestly feel bad for anyone who is 65 and is on medicare because at some point the few gainfully employed 40 year olds are going to buckle and have the roof cave in on them trying to hold the baby boomers up and the 20 year olds are going to have no interest whatsoever in the system and could not prop it up even if they did, and the whole thing collapses on itself. maybe 10 years or less from now.
    Jan 17, 2015. 12:04 PM | Likes Like |Link to Comment
  • Even The Woefully Underfunded Retiree Can Survive The Next Crash: Here's How [View article]
    I wonder when the private sector will finally organize and vote in representation (like the public sector did) that will grant them the same pension/healthcare benefits as the public sector has.
    Jan 17, 2015. 11:52 AM | 1 Like Like |Link to Comment
  • Even The Woefully Underfunded Retiree Can Survive The Next Crash: Here's How [View article]
    George if the couple could find an immediate annuity for joint life paying close to 5.5% would you recommend them putting in about 180k and keeping 20k on hand for an emergency instead of the plan you suggested? Granted in your scenario you are trying to keep the principal intact and annuitizing the money means the principal gets paid out and there is nothing for the heirs. But in the example you gave I'd say leaving money is secondary and income is the primary concern.
    Jan 17, 2015. 11:49 AM | 1 Like Like |Link to Comment
  • How Can The Bond Bull Keep Going? [View article]
    How am I lookin so far?
    Jan 14, 2015. 09:27 AM | Likes Like |Link to Comment
  • Treasury yields tumble after soft retail sales number [View news story]
    I think the endpoint is when fiscal policy replaces monetary policy and the "new" QE is when every citizen gets a minimum income of around 4k a month.
    Jan 14, 2015. 09:25 AM | 3 Likes Like |Link to Comment
  • Why Is Anyone Buying Long-Term Treasuries? [View article]
    Please try it. I have a feeling the guy will take his chances. Trust me he will.
    Jan 14, 2015. 09:23 AM | Likes Like |Link to Comment
  • Why Is Anyone Buying Long-Term Treasuries? [View article]
    Go offer the guy an ounce of gold for the slurpee. You may be surprised. He may even give you two slurpees for it.
    Jan 13, 2015. 08:17 PM | Likes Like |Link to Comment
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