Is It Happening???

[Speaker to Animals]

It will not affect most people. Even people with wealth have to be idiots to get blind-sided by a market reversal. Dude, do not put all your wealth into a fucking stock market. LOL

[Martin Hash]

I know you follow my thinking on this issue so I'll expound.

Only people saving money are affected by the Stock Market, et. al., which is NOT most people. Jobs are not tied to the Stock Market either. Consumption is not a Stock Market issue, and production could easily be replaced with small business entrepreneurs. Even now, The Fed is doing this on purpose; I don't know why? Maybe Old School Inflationeering fears? My point is money isn't going to cause The Collapse.

Maybe, maybe not. You'll see some exciting new civil unrest, when everybody's pension disappears (whoever still has one). Meantime, I'm always happy to see the ultra-wealthy lose their shirts, and watch them weep on tv.

The pension thing is real but they were unsustainable anyway, and were going to crash no-matter-what. Social Security isn't going anywhere (we'll print money), and the PGBC will take over the private pensions and turn them into something more like Social Security levels. The real problem is State pensions because they have State Violence to ensure that CA Treasurer gets her $500K/year pension, that doctor in OR gets his $60K/month, and NY firemen get $250K/year.

[SuburbanFarmer]

I know you follow my thinking on this issue so I'll expound.

Only people saving money are affected by the Stock Market, et. al., which is NOT most people. Jobs are not tied to the Stock Market either. Consumption is not a Stock Market issue, and production could easily be replaced with small business entrepreneurs. Even now, The Fed is doing this on purpose; I don't know why? Maybe Old School Inflationeering fears? My point is money isn't going to cause The Collapse.

Maybe, maybe not. You'll see some exciting new civil unrest, when everybody's pension disappears (whoever still has one). Meantime, I'm always happy to see the ultra-wealthy lose their shirts, and watch them weep on tv.

The pension thing is real but they were unsustainable anyway, and were going to crash no-matter-what. Social Security isn't going anywhere (we'll print money), and the PGBC will take over the private pensions and turn them into something more like Social Security levels. The real problem is State pensions because they have State Violence to ensure that CA Treasurer gets her $500K/year pension, that doctor in OR gets his $60K/month, and NY firemen get $250K/year.

Well, looking at bond yields, it looks like they'll be taxing 80% of income to pay anything. "State Bailouts" will become a thing, and the coasts will look like Detroit pretty soon.

All fun and games, until it hits Main Street. Which it will, very soon. That, combined with the mid-term insanity will make for a very interesting November.

[SuburbanFarmer]

It will not affect most people. Even people with wealth have to be idiots to get blind-sided by a market reversal. Dude, do not put all your wealth into a fucking stock market. LOL

It's not just stocks this time. It's all about the bond rates, that enabled this bubble. They're rocketing right now, and it's just beginning to hit the stock market.

The Fed got caught with its pants down.

[C-Mag]

Pensions, College Education and to a lesser extent Housing need major market corrections and changes in the 21st C. All of them are unsustainable.

[SuburbanFarmer]

Pensions, College Education and to a lesser extent Housing need major market corrections and changes in the 21st C. All of them are unsustainable.

Couldn't agree more. But that is going to involve a whole lot of social fallout.

[Zlaxer]

It will not affect most people. Even people with wealth have to be idiots to get blind-sided by a market reversal. Dude, do not put all your wealth into a fucking stock market. LOL

Many people have 401(k)s because they've been conditioned to believe that's what one should do - they're going to get fucked hard when housing falls and they 401(k) takes a 50% haircut. I would, however, buy stock in cat food

[Martin Hash]

I have this discussion often IRL. As long as Americans are productive and want to consume, whatever imaginary money is doing is not going to change the fundamentals. Right now, some explanations show that America is self-sustaining; we can live with that.

Productive people will be okay. Consumptive people (retirees) are in for a lot of uncertainty. Rich people, they'll be fine too: how many 10s of $millions do you need?

[C-Mag]

Pensions, College Education and to a lesser extent Housing need major market corrections and changes in the 21st C. All of them are unsustainable.

Couldn't agree more. But that is going to involve a whole lot of social fallout.

Oh yeah, but I can't spend time wringing my hands about it.
The real danger to a major market correction would be if it went global. I'm actually much more concerned about international debt and fixed costs than the US. The US can take a huge hit, a lot the international community would not do so well. And because they rushed us to globalism, it will affect us.

[SuburbanFarmer]

Pensions, College Education and to a lesser extent Housing need major market corrections and changes in the 21st C. All of them are unsustainable.

Couldn't agree more. But that is going to involve a whole lot of social fallout.

Oh yeah, but I can't spend time wringing my hands about it.
The real danger to a major market correction would be if it went global. I'm actually much more concerned about international debt and fixed costs than the US. The US can take a huge hit, a lot the international community would not do so well. And because they rushed us to globalism, it will affect us.

Don't look now...