[joeltrout]

Another scary article for the day.

Pensions suffering in financial crisis

$this->bbcode_second_pass_quote('', ' ')Pension assets declined by at least $1 trillion and may be down as much as $2 trillion over the past year and a half as the credit crunch tightened its grip on financial markets and the U.S. economy, the Congressional Budget Office reported Tuesday.

[Atlantean_Relic]

Well I guess we should warmly greet the boomers to generations that don't get retirement. I just hope they can learn to shut up and accept it like the rest of us have.

[Cashmere]

Boomers are screwed.

And that's exactly perfect.

[gnm]

Pensions lose 2 Trillion

-G

[Eli]

Well thank goodness they passed the Bailout to save everyone's 401K's.

What would we do with out such great leadership?

[DantesPeak]

$this->bbcode_second_pass_quote('Eli', 'W')ell thank goodness they passed the Bailout to save everyone's 401K's.

What would we do with out such great leadership?

[Eli]

Actually, I have heard that and I think it is done through the Fed actually buying stocks.

Ultimate Ponzi scheme.

I am sure it will work out well.

[TreeFarmer]

The Government and the Economists learned thier lesson in the great depression and its associated deflation. They will not allow deflation this time around.

If $2 Trillion disappears out of the system, they'll print $2 Trillion and put it back into the system. The entire economy is based on the amount of money growing or at least staying constant, deflation will not be allowed.

TF

[ColossalContrarian]

$this->bbcode_second_pass_quote('TreeFarmer', 'T')he Government and the Economists learned thier lesson in the great depression and its associated deflation. They will not allow deflation this time around.

If $2 Trillion disappears out of the system, they'll print $2 Trillion and put it back into the system. The entire economy is based on the amount of money growing or at least staying constant, deflation will not be allowed.

TF

[frankthetank]

My best buddy is a police officer. Just yesterday we were talking stock market. He still plans on retiring at 50 (10 years from now) (they get to keep their benefits too!). He has a feeling that it might not happen. This is a guy who has no mortgage, no bills, and saves a lot of money (cash).

[Olaf]

I'm becoming quite concerned that my wife and I are about to lose everything we have invested. To top it off, we don't really know what to do anyway. So we hold our breath.

I'm tempted to take as much as possible and buy things of value while we still can, but then that just sounds like panic talking.

My wife cautioned of 'running to the bank' and feeding a fall, but I countered with the argument that people who pulled out their funds actually HAVE their money.

Olafr

[gnm]

$this->bbcode_second_pass_quote('Olaf', 'I')'m tempted to take as much as possible and buy things of value while we still can, but then that just sounds like panic talking.

Olafr

[Arsenal]

As I wade through the office to the coffee machine I can see dozens of people with this 1000 yard stare talking about the economy and what they should do. It reminds me of the story of how the early humans started fires to push the herds towards a cliff. The first group smell the fire.. wide eyed they start running away which starts the stampede.

You can literally smell the fear. The true panic is just about here if the markets don't stabilize.

Make sure you are outside of the stampede. Shelter, Water, Food, PMs, ammo. I hope you have them.

[Eli]

$this->bbcode_second_pass_quote('Olaf', 'I')'m becoming quite concerned that my wife and I are about to lose everything we have invested. To top it off, we don't really know what to do anyway. So we hold our breath.

I'm tempted to take as much as possible and buy things of value while we still can, but then that just sounds like panic talking.

My wife cautioned of 'running to the bank' and feeding a fall, but I countered with the argument that people who pulled out their funds actually HAVE their money.

Olafr

[vision-master]

$this->bbcode_second_pass_quote('Atlantean_Relic', 'W')ell I guess we should warmly greet the boomers to generations that don't get retirement. I just hope they can learn to shut up and accept it like the rest of us have.

[ReverseEngineer]

$this->bbcode_second_pass_quote('Cashmere', 'B')oomers are screwed.

[emeraldg40]

$this->bbcode_second_pass_quote('vision-master', '')$this->bbcode_second_pass_quote('Atlantean_Relic', 'W')ell I guess we should warmly greet the boomers to generations that don't get retirement. I just hope they can learn to shut up and accept it like the rest of us have.

[CrudeAwakening]

Has $1 trillion been truly lost, or was it never really there in the first place?

[vision-master]

$this->bbcode_second_pass_quote('emeraldg40', '')$this->bbcode_second_pass_quote('vision-master', '')$this->bbcode_second_pass_quote('Atlantean_Relic', 'W')ell I guess we should warmly greet the boomers to generations that don't get retirement. I just hope they can learn to shut up and accept it like the rest of us have.

[VMarcHart]

$this->bbcode_second_pass_quote('vision-master', '')$this->bbcode_second_pass_quote('Atlantean_Relic', 'W')ell I guess we should warmly greet the boomers to generations that don't get retirement. I just hope they can learn to shut up and accept it like the rest of us have.