Seriously and selfishly I am worried about this.

StarWarsBob said:

Your characterization of me is amazing. I have never received ANYTHING free from the US Government. Furthermore, I don't feel that you or anyone else owes me anything. I'm retired and on Social Security, but I also have a pension and I work.

I am a Democrat because I identify with that party's VALUES. I detest the values of the Republican party, and I have been fighting against them all my life.

I see the Republican party as responsible for MOST of this counties problems, through financial product deregulation, corporate environmental deregulation, and a constant quest to destroy the middle class in this country.

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Beautiful post!

Turin said:

I have worked and saved and invested and have a really good IRA. Trump winning will crash the markets and take years to recover and being a halt to the gains made in the past 5 years in jobs and our recovery. The people supporting him have nothing to lose -- most of his base hates america and they are gun fanatics living in squalor.

They do not give a darn if he wrecks this country as they have nothing to lose.

Top Economists Spar Over Trump as Tighter Race Sinks U.S. Stocks - Bloomberg

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So switch your investments more towards securities, like everyone does in uncertain times. Then when things are looking better, switch back.

If Hillary wins, she'll simply erode America's economic base so that it declines anyway.

Henrin said:

How is it shocking that the market wants Hillary to win? They know with Hillary they will get more free things, but with Trump they are not sure.

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I think you are getting the market forces wrong. While they probably will react better with Clinton than with Trump, that is more because she is a steady hand and he is a loose cannon below the waterline that could sink the boat.

Turin said:

I have worked and saved and invested and have a really good IRA. Trump winning will crash the markets and take years to recover and being a halt to the gains made in the past 5 years in jobs and our recovery. The people supporting him have nothing to lose -- most of his base hates america and they are gun fanatics living in squalor.

They do not give a darn if he wrecks this country as they have nothing to lose.

Top Economists Spar Over Trump as Tighter Race Sinks U.S. Stocks - Bloomberg

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I don't think you've captured Trump very well. I don't think he "hates" America. The problem seems more to be that he knows so little about politics and economics or at least speaks as though he didn't.

Donald Trump's file | PolitiFact

rocket88 said:

Thanks, I needed a laugh.

Tell it to Hispanics and blacks....and anyone with a brain.

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Hispanic here, you're not my shield.

Henrin said:

Random Trivia: Profit sharing was created by a socialist.

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She must have a very low opinion of her voters intelligence and education with that kind of policy on her ticket. With Trump, on the other hand, it remains unclear, whether he thinks his voters are ignorant or is such himself.

Phys251 said:

So you're OK, from a British point-of-view, with the single greatest collapse in the pound since the Great Recession?

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Economies recover.

The fall of the Pound was overreaction by Chicken Littles.

CriticalThought said:

Where the hell are you getting these numbers?

US GDP Growth Rate by Year

Are you advocating Obama start a World War?

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I can't find the table I relied on for that.

Here's a table from CNN:

Yes, this is the slowest U.S. recovery since WWII - Oct. 5, 2016

code1211 said:

I can't find the table I relied on for that.

Here's a table from CNN:

Yes, this is the slowest U.S. recovery since WWII - Oct. 5, 2016

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Interesting article. So if you are going to blame Obama for the pace of recovery, then are you going to give him credit for this?

"We are in the fourth longest expansion in U.S. history," notes Achuthan.
Since World War II, the American economy has typically grown for about five years and then had a contraction. This expansion is already over seven years old.

Furthermore, the average pace of job growth in this recovery has already topped what happened during the 2001 to 2007 expansion under President George W. Bush (the Bush recovery was the slowest in terms of jobs growth, Achuthan says).

Over 14 million jobs have been added since the low point from the financial crisis. Job growth is as important -- if not more important -- than overall growth, many economists argue.
"We are experiencing the longest string of consecutive monthly jobs gains in economic history," says Mark Zandi, chief economist at Moody's Analytics.

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It sounds like the biggest drag on the recovery has nothing to do with Obama or his policies, it is the fact that Baby Boomers are starting to retire.

CriticalThought said:

Interesting article. So if you are going to blame Obama for the pace of recovery, then are you going to give him credit for this?



It sounds like the biggest drag on the recovery has nothing to do with Obama or his policies, it is the fact that Baby Boomers are starting to retire.

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There a whole bunch of people turning 18 every year. Due to deaths among the elderly, that number exceeds the retirements or at least hits it. About 3.9 million turn 18 every year and about 1.5 million turn 65 every year. Many retire before then, though as the average retirement age seems to be around 62.

When I retire, the annuity that will provide income for me to the day I die will exceed the money I receive from SS. The contributions generated by my income to SS far exceed the contributions to that Annuity. SS Needs to be re-done, but that's a different topic.

The day I retire, I will experience an increase in my income.

Regarding Obama and his policies, will there ever be anything at any time that in any way can be attributed to Obama? What has he been doing all this time?

Is all of this still Bush's fault?

code1211 said:

There a whole bunch of people turning 18 every year. Due to deaths among the elderly, that number exceeds the retirements or at least hits it. About 3.9 million turn 18 every year and about 1.5 million turn 65 every year. Many retire before then, though as the average retirement age seems to be around 62.

When I retire, the annuity that will provide income for me to the day I die will exceed the money I receive from SS. The contributions generated by my income to SS far exceed the contributions to that Annuity. SS Needs to be re-done, but that's a different topic.

The day I retire, I will experience an increase in my income.

Regarding Obama and his policies, will there ever be anything at any time that in any way can be attributed to Obama? What has he been doing all this time?

Is all of this still Bush's fault?

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That is a pretty big assumption. Any data to back that up?

CriticalThought said:

That is a pretty big assumption. Any data to back that up?

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Various sources indicate that there will be more people retiring early as well as those who are waiting to retire at 66 pr later in life. The most popular age is 62.

Here are a couple articles that indicate there are more people turning 18 each year than those who are turning 65 each year.

However, there will be more than the number of the 65 year olds who retire each year.

The first link below has a bunch of tables from the US Census Bureau. Table 12 shows the age of our population by 5 year blocks. Very interesting stuff. As a group, our number grows through about age 50, then we start to die more rapidly.

The number of Americans alive peaks in the age decade of 40 to 49. The 40 to 44 years a tad more than the 45 to 49 years. I suppose expectedly, we start to thin out as the aging years go on beyond 50.

By the time we measure the group left alive in the 65 to 69 range, our number has dropped to about half of the 40 to 44 age range.

The 15 to 19 group and the 20 to 24 group are about the same size as the 40 to 45 and the 46 to 49 groups.

Over 100, there's almost nobody left.

For those men reading this who have had a great deal of trouble attracting ladies in their lives, take heart if you have the right genes! When you turn 80, women will outnumber men about 2 to 1. By the time you hit your 90's it's closer to 3 to 1 and after 100, almost 6 to 1.

Party time!

http://www.census.gov/prod/2004pubs/04statab/pop.pdf

https://www.quora.com/Demographics-How-many-Americans-will-turn-18-in-2012

10,000 Boomers to Retire Each Day for 19 Years

Turin said:

I have worked and saved and invested and have a really good IRA. Trump winning will crash the markets and take years to recover and being a halt to the gains made in the past 5 years in jobs and our recovery. The people supporting him have nothing to lose -- most of his base hates america and they are gun fanatics living in squalor.

They do not give a darn if he wrecks this country as they have nothing to lose.

Top Economists Spar Over Trump as Tighter Race Sinks U.S. Stocks - Bloomberg

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My grandmother used say "if you can do something about a problem, then do it. If you can't then worrying about it will fix nothing." I've managed to go through life with that in mind and have managed to live a reasonably successful life despite what it has thrown at me.

If you have a lack of confidence about your investments, then invest in something else. I have always viewed the stock market as something that does no better than keep up with inflation. In the mid 70's the DJ broke 7000. It is currently at 18000. Since then the dollar has lost 90% of its buying power. It hasn't even kept up with inflation. Consider buying and storing things that will appreciate - collector cars, art etc. I think cash and the stock market are generally poor investments. Give it some thought.