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paramount
ParticipantI’m out.
I think were headed for a recession – and it will probably be worse than 2008. Probably the recession that should have been allowed to run it’s course in 2008.
No personal discretionary spending – I’m not even going out for pizza tonight like I had planned.
Participant“Sell everything.”
That harrowing advice is from The Royal Bank of Scotland, which has warned of a “cataclysmic year” ahead for markets and advised clients to head for the exit. Do not wait. Do not pass go.
January 11, 2016 at 10:22 PM in reply to: How will unfunded “pensions” affect the local economy? #793146Participant[quote=Parabolica]Those stripped of defined benefit plans are angry that their employees, government workers, have not been been rendered naked as well. Understandable, but not pretty.[/quote]
I’ll admit I am very unhappy about loosing my DB plan – my company took away our DB plan 2008-2009 – with barely a wimper (if even that) from employees.
I’m hopeful though we’ll start to break public unions with Friedrichs v. CTA.
January 10, 2016 at 8:31 PM in reply to: How will unfunded “pensions” affect the local economy? #793114Participant[quote=CA renter]
If you own property, then you benefit from the services provided via property taxes. What would the value of your property be without a local school district? How much would it be worth without roads, sidewalks, streetlights, local parks, sanitation services, police and fire protection, etc.?
This is what’s so messed up about many people who oppose taxes. They have no idea how these tax payments end up benefiting them. [/quote]
I don’t know anyone who opposes paying their ‘fair’ share of taxes, that’s not the issue here.
Participant[quote=flu]I’m still amazed that doomsayers exist on this board despite all the years of what we’ve gone through and years and years of how the Fed are expert can kickers.
Warning: adopting a doomsayer viewpoint can be hazardous to one’s financial health. It’s almost as destructive as being a perma-bull.[/quote]
I believe you may have a negativity bias. This is about data, not doom.
Things that are said that may be contrary to your beliefs (political or otherwise) are not necessarily negative.
This a former (recently) fed official telling you the fed is running out of options.
This is a fed official telling you the fed goosed the markets.
It is what it is…
January 10, 2016 at 1:33 PM in reply to: MIT Enterprise Forum for students and parents interested in STEM programs and entrepreneurial opportunities #793099Participant[quote=flu]Then again, kids here shouldn’t care anymore.
Afterall, everything going to get outsourced to india and china. And everything going to get replaced by robots.
If people really believe the two things above, they shouldn’t bother their kids with STEMs.[/quote]
I can’t believe there are still doomsayers making statements like the above about the value of STEM beyond it’s value as a political distration.
ParticipantWe’ve been living in an economic fantasyland for years.
“We Frontloaded A Tremendous Market Rally” Former Fed President Admits, Warns “No Ammo Left”
Or just watch the video:
ParticipantI did not feel the quake in Temec
ParticipantAs unions go so goes the middle class?
ParticipantThere’s evidence all around:
Sales of existing homes plunged 10.5% in November 2015.
Participant[quote=The-Shoveler]Repeat of the 1980’s seems more likely.
We are in about the same demographic situation.
Just looking at the demographics.
Maybe a little bit of both.[/quote]
With trillions upon trillions of more debt, not likely…
Participant[quote=flu][quote=paramount]The other part of the equation is character development which is why I suggested Notre Dame.
It is pretty tough though to get into Notre Dame.[/quote]
If the kid wants to stay on the west coast, I’d stay with a west coast school.[/quote]
But don’t some schools transcend regions? I recently took my kid on a tour of Notre Dame, and yes it is an expensive school; but as I pointed out pretty much wherever you go in the world Notre Dame (UND) is always recognizable.
January 1, 2016 at 9:26 PM in reply to: How will unfunded “pensions” affect the local economy? #792923Participant[quote=bearishgurl]
I’ll be back in a few days (or less) when I’ve had a chance to finish and properly notate the entire Decision. I have to say that it is really great to at last see something of this magnitude take place in the golden state. It’s been a long haul, to say the least.[/quote]
Don’t forget to look into the golden staplers the state has been buying for govt employees that cost hundreds.
When I get back to work next week I’m going to place an order for one and see what happens. I think I already know….
Participant[quote=scaredyclassic]My middle kid just got accepted to Humboldt state! I say go! Not only could he be a strong fish in a small pond, if he can avoid drugs, which I think he will, he could be stone cold sober in premed classes with hungover stoners and slide into med school easily![/quote]
I wouldn’t under-estimate the competition at Humboldt State – many of those so-called stoners are really smart.
I know of someone who recently graduated (2014) from Humboldt (biology) and is now a med student at UCSF.
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