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ParticipantThey’re just imitating the overlords. The hedge fundies in the City of London and Wall Street are doing this sort of thing to countries around the globe from the safety of their gleaming office towers on a much larger scale and with much more serious consequences. They get away with it and go home every night to their zillion dollar condos and do a bunch of cocaine while the rest of us schlubs watch our 401Ks dwindle and our pensions disappear.
Seriously, there is no rule of law for those at the top so why are we surprised when those at the bottom don’t pay attention to it either?
Participant[quote=AN]CONCHO, we already have people driving $50k Hyundai today :-)[/quote]
Oh yeah! Check out the new Equus.
They probably need to split their brand like the Japanese automakers to be successful in the luxury market. Honda low-end/Acura high-end, etc… Otherwise they might have a VW Phaeton on their hands.
Participant[quote=AN]CONCHO, we already have people driving $50k Hyundai today :-)[/quote]
Oh yeah! Check out the new Equus.
They probably need to split their brand like the Japanese automakers to be successful in the luxury market. Honda low-end/Acura high-end, etc… Otherwise they might have a VW Phaeton on their hands.
Participant[quote=AN]CONCHO, we already have people driving $50k Hyundai today :-)[/quote]
Oh yeah! Check out the new Equus.
They probably need to split their brand like the Japanese automakers to be successful in the luxury market. Honda low-end/Acura high-end, etc… Otherwise they might have a VW Phaeton on their hands.
Participant[quote=AN]CONCHO, we already have people driving $50k Hyundai today :-)[/quote]
Oh yeah! Check out the new Equus.
They probably need to split their brand like the Japanese automakers to be successful in the luxury market. Honda low-end/Acura high-end, etc… Otherwise they might have a VW Phaeton on their hands.
Participant[quote=AN]CONCHO, we already have people driving $50k Hyundai today :-)[/quote]
Oh yeah! Check out the new Equus.
They probably need to split their brand like the Japanese automakers to be successful in the luxury market. Honda low-end/Acura high-end, etc… Otherwise they might have a VW Phaeton on their hands.
ParticipantHell bent on deflationary austerity? You think they’re going to let their Wall Street masters suffer any losses? Nope they are going to print print print to keep those stock prices up. In a few years we’re going to be driving $50K Hyundais and drinking $5 cans of Bud. Prices are falling now, the big boys put in their short positions a while back and are cleaning up now. In a few months they will drive everything back up and make big gains. Right now they are racking up their Xmas bonuses.
That said I do think SD home prices are going to fall further, but in the prime areas they will fall slowly as in those areas the buyers are closer to the sources of power. Lots of government types, government contractors, attorneys for these sorts of people, etc… They get first dibs on the table scraps.
ParticipantHell bent on deflationary austerity? You think they’re going to let their Wall Street masters suffer any losses? Nope they are going to print print print to keep those stock prices up. In a few years we’re going to be driving $50K Hyundais and drinking $5 cans of Bud. Prices are falling now, the big boys put in their short positions a while back and are cleaning up now. In a few months they will drive everything back up and make big gains. Right now they are racking up their Xmas bonuses.
That said I do think SD home prices are going to fall further, but in the prime areas they will fall slowly as in those areas the buyers are closer to the sources of power. Lots of government types, government contractors, attorneys for these sorts of people, etc… They get first dibs on the table scraps.
ParticipantHell bent on deflationary austerity? You think they’re going to let their Wall Street masters suffer any losses? Nope they are going to print print print to keep those stock prices up. In a few years we’re going to be driving $50K Hyundais and drinking $5 cans of Bud. Prices are falling now, the big boys put in their short positions a while back and are cleaning up now. In a few months they will drive everything back up and make big gains. Right now they are racking up their Xmas bonuses.
That said I do think SD home prices are going to fall further, but in the prime areas they will fall slowly as in those areas the buyers are closer to the sources of power. Lots of government types, government contractors, attorneys for these sorts of people, etc… They get first dibs on the table scraps.
ParticipantHell bent on deflationary austerity? You think they’re going to let their Wall Street masters suffer any losses? Nope they are going to print print print to keep those stock prices up. In a few years we’re going to be driving $50K Hyundais and drinking $5 cans of Bud. Prices are falling now, the big boys put in their short positions a while back and are cleaning up now. In a few months they will drive everything back up and make big gains. Right now they are racking up their Xmas bonuses.
That said I do think SD home prices are going to fall further, but in the prime areas they will fall slowly as in those areas the buyers are closer to the sources of power. Lots of government types, government contractors, attorneys for these sorts of people, etc… They get first dibs on the table scraps.
ParticipantHell bent on deflationary austerity? You think they’re going to let their Wall Street masters suffer any losses? Nope they are going to print print print to keep those stock prices up. In a few years we’re going to be driving $50K Hyundais and drinking $5 cans of Bud. Prices are falling now, the big boys put in their short positions a while back and are cleaning up now. In a few months they will drive everything back up and make big gains. Right now they are racking up their Xmas bonuses.
That said I do think SD home prices are going to fall further, but in the prime areas they will fall slowly as in those areas the buyers are closer to the sources of power. Lots of government types, government contractors, attorneys for these sorts of people, etc… They get first dibs on the table scraps.
Participant[quote=edna_mode]So diversify your regulatory risk…half in traditional, half in “Roth”. If your work only allows traditional 401ks, contribute to Roth IRAs and rollover to Roth IRAs whenever you change employers.
I’m of the opinion that Roth IRAs are actually at greater risk of demagogery: they were a vehicle for people to pay taxes upfront at what they bet to be lower rates than what they would get at retirement. So then people will be complaining that wasn’t “fair” somehow, and then they’ll be taxed on the way out too.
Not to say they wouldn’t do this with traditional 401ks/IRAs too, but here I’m hoping for protection by a the increased likelihood that more people who vote have savings of this type, and would thus be more likely to vote to protect them from further erosion. But to check this premise, I’d have to know which class more assets have been parked in. Any ideas how to research this information?[/quote]
Hahaha the upcoming moves on 401Ks/IRAs will be sold as a “rescue” package. First, 401Ks/IRAs will be made to seem “in trouble” after a big stock crash. There will be a 60 minutes piece, there will be jokes on SNL and The Daily Show about how we all now have “201Ks”, and of course there will be lots of articles in the mainstream press about “the retirement crisis”. Help, government, please save us! And in they will step to save you by mandating that some portion of your 401Ks/IRAs must go into treasuries, that everyone must have a 401K/IRA, and that the minimum age for withdrawal must increase. It will start small at first and increase each year, this will prevent anyone from howling too loudly. And if people start getting uppity about it, the police state they’ve spent the last 25 years building will take care of that in a jiffy.
As for people voting out their senators and representatives because of this, that’s simply not going to happen. When it comes election time they will just put a scary man in a turban and a beard on the TV or talk about gay marriage or abortion and you will all vote the way they want you to. The 1% of you that actually understand what’s happening are not enough to make a difference. Besides, your senators and representatives may not even be involved because now we have a SUPERCONGRESS! Kiss those 401Ks/IRAs goodbye. They are going to become just like your social security and medicare. Pretty soon SS/MDCR benefits are going to be cut, but they’re sure as hell not going to cut SS/MDCR contributions, in fact they are likely to increase. 401K/IRA will become another mandatory retirement program in which your contributions always increase but your withdrawals are managed and decrease over time.
Participant[quote=edna_mode]So diversify your regulatory risk…half in traditional, half in “Roth”. If your work only allows traditional 401ks, contribute to Roth IRAs and rollover to Roth IRAs whenever you change employers.
I’m of the opinion that Roth IRAs are actually at greater risk of demagogery: they were a vehicle for people to pay taxes upfront at what they bet to be lower rates than what they would get at retirement. So then people will be complaining that wasn’t “fair” somehow, and then they’ll be taxed on the way out too.
Not to say they wouldn’t do this with traditional 401ks/IRAs too, but here I’m hoping for protection by a the increased likelihood that more people who vote have savings of this type, and would thus be more likely to vote to protect them from further erosion. But to check this premise, I’d have to know which class more assets have been parked in. Any ideas how to research this information?[/quote]
Hahaha the upcoming moves on 401Ks/IRAs will be sold as a “rescue” package. First, 401Ks/IRAs will be made to seem “in trouble” after a big stock crash. There will be a 60 minutes piece, there will be jokes on SNL and The Daily Show about how we all now have “201Ks”, and of course there will be lots of articles in the mainstream press about “the retirement crisis”. Help, government, please save us! And in they will step to save you by mandating that some portion of your 401Ks/IRAs must go into treasuries, that everyone must have a 401K/IRA, and that the minimum age for withdrawal must increase. It will start small at first and increase each year, this will prevent anyone from howling too loudly. And if people start getting uppity about it, the police state they’ve spent the last 25 years building will take care of that in a jiffy.
As for people voting out their senators and representatives because of this, that’s simply not going to happen. When it comes election time they will just put a scary man in a turban and a beard on the TV or talk about gay marriage or abortion and you will all vote the way they want you to. The 1% of you that actually understand what’s happening are not enough to make a difference. Besides, your senators and representatives may not even be involved because now we have a SUPERCONGRESS! Kiss those 401Ks/IRAs goodbye. They are going to become just like your social security and medicare. Pretty soon SS/MDCR benefits are going to be cut, but they’re sure as hell not going to cut SS/MDCR contributions, in fact they are likely to increase. 401K/IRA will become another mandatory retirement program in which your contributions always increase but your withdrawals are managed and decrease over time.
Participant[quote=edna_mode]So diversify your regulatory risk…half in traditional, half in “Roth”. If your work only allows traditional 401ks, contribute to Roth IRAs and rollover to Roth IRAs whenever you change employers.
I’m of the opinion that Roth IRAs are actually at greater risk of demagogery: they were a vehicle for people to pay taxes upfront at what they bet to be lower rates than what they would get at retirement. So then people will be complaining that wasn’t “fair” somehow, and then they’ll be taxed on the way out too.
Not to say they wouldn’t do this with traditional 401ks/IRAs too, but here I’m hoping for protection by a the increased likelihood that more people who vote have savings of this type, and would thus be more likely to vote to protect them from further erosion. But to check this premise, I’d have to know which class more assets have been parked in. Any ideas how to research this information?[/quote]
Hahaha the upcoming moves on 401Ks/IRAs will be sold as a “rescue” package. First, 401Ks/IRAs will be made to seem “in trouble” after a big stock crash. There will be a 60 minutes piece, there will be jokes on SNL and The Daily Show about how we all now have “201Ks”, and of course there will be lots of articles in the mainstream press about “the retirement crisis”. Help, government, please save us! And in they will step to save you by mandating that some portion of your 401Ks/IRAs must go into treasuries, that everyone must have a 401K/IRA, and that the minimum age for withdrawal must increase. It will start small at first and increase each year, this will prevent anyone from howling too loudly. And if people start getting uppity about it, the police state they’ve spent the last 25 years building will take care of that in a jiffy.
As for people voting out their senators and representatives because of this, that’s simply not going to happen. When it comes election time they will just put a scary man in a turban and a beard on the TV or talk about gay marriage or abortion and you will all vote the way they want you to. The 1% of you that actually understand what’s happening are not enough to make a difference. Besides, your senators and representatives may not even be involved because now we have a SUPERCONGRESS! Kiss those 401Ks/IRAs goodbye. They are going to become just like your social security and medicare. Pretty soon SS/MDCR benefits are going to be cut, but they’re sure as hell not going to cut SS/MDCR contributions, in fact they are likely to increase. 401K/IRA will become another mandatory retirement program in which your contributions always increase but your withdrawals are managed and decrease over time.
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