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Thread: Stocks pile on losses amid worries on economy

  1. #111
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    Re: Stocks pile on losses amid worries on economy

    Quote Originally Posted by 1Perry View Post
    Two points in this article. As I note, despite the low rates, people are not borrowing.

    For that, you can thank the Fed's longstanding low interest rate policy, which has brought banks' quarterly cost of funds to a 26-year low but hasn't resulted in a boom in lending.

    To the discussion at hand.

    As a result, savers have been put in a bind. Whereas three years ago it made sense for retirees to live off annual interest from a standard certificate of deposit, that's now nearly impossible. The highest rates these days, the NYT notes, are around 1.5 percent, yielding only $7,500 a year on a $500,000 deposit, compared to rates above five percent in 2007.

    How The Fed's Low Interest Rate Policy Is Hurting Savers, Retirees
    Look, you really don't want to argue that high interest rates are good for the economy. It's just nonsensical.

    You don't have to be any kind of genius to find a safe investment that pays 5% interest these days.

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    Re: Stocks pile on losses amid worries on economy

    Quote Originally Posted by AdamT View Post
    Look, you really don't want to argue that high interest rates are good for the economy. It's just nonsensical.

    You don't have to be any kind of genius to find a safe investment that pays 5% interest these days.
    Keeping the interest rates artificially low for so long was a contributor to our problems. No, we are doing no one a favor by making it so cheap to run up commodities.

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    Re: Stocks pile on losses amid worries on economy

    Quote Originally Posted by The Giant Noodle View Post
    Ohhhhhh NOOOO!!!!! This is bad this is BAD!!!!!

    [B]
    CONTINUED: Stocks pile on losses amid worries on economy - Business - Stocks & economy - msnbc.com
    Gold didn't soar, it went down. I looked at it today, and it was reported so.
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
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    Re: Stocks pile on losses amid worries on economy

    I read where 401Ks lost on average $4,300 during the week of the GOP deficit ceiling sideshow alone!
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: Stocks pile on losses amid worries on economy

    Quote Originally Posted by 1Perry View Post
    Keeping the interest rates artificially low for so long was a contributor to our problems. No, we are doing no one a favor by making it so cheap to run up commodities.
    A loose money supply is a problem when the economy is doing well. It's desireable when the economy is not doing well.

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    Re: Stocks pile on losses amid worries on economy

    Quote Originally Posted by American View Post
    Gold didn't soar, it went down. I looked at it today, and it was reported so.
    Who the hell cares what a shiny rock is going for????
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: Stocks pile on losses amid worries on economy

    Quote Originally Posted by Ockham View Post
    Prostitution is still illegal you know.
    Moderator's Warning:
    Stocks pile on losses amid worries on economyKnock off the personal attacks.
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    Re: Stocks pile on losses amid worries on economy

    Quote Originally Posted by evanescence View Post
    You'll likely never retire with social security or medicare. It wont be there.
    Social security and medicare weren't affected by the stock market drop, 401ks were.

    • "The America Republic will endure until the day Congress discovers that it can bribe the public with the public's money." -- Alexis de Tocqueville





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    Re: Stocks pile on losses amid worries on economy

    Quote Originally Posted by Catawba View Post
    I read where 401Ks lost on average $4,300 during the week of the GOP deficit ceiling sideshow alone!
    Amazing that is the same number I saw during the week of the Obama/Reid deficit circus! It is a shame that the biggest losers are the average Americans that have retirement money losing value thus making them less likely to retire anytime soon, of course the public sector employees are still retirement insured by the tax payers that must now work longer and harder to enjoy those same golden years... maybe...
    The question is more important than the answer!

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    Re: Stocks pile on losses amid worries on economy

    Quote Originally Posted by Gill View Post
    Social security and medicare weren't affected by the stock market drop, 401ks were.
    That's why I moved my money.
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

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