VIDEO ON MSN MONEY
10,000,000 babyboomers retiring each year taking on average $40,000 out of their 401K pension plans instead of adding $5,000 a year on average.
Net stock and bond market loss of $450 billion a year
2,000,000 over $80,000 a year workers putting in on average $8,000 into their 401K pension plans a year laid off each year
Net loss $16 billion
1,600,000 new hires a year 70 percent working for minimum wage and not putting anything into their 401K plans leaving 480,000 putting $5,000 a year into their 401k plans
Net gain $2.4 billion
total loss of $463.6 billion from the stock market in 2013 Fed add $480 billion
another loss of $400-$500 billion from the stock market in 2014 Fed add $200 billion (as they think they have solved the crisis)
Feds decide to fight inflation which has began to rise it's ugly head.
another loss of $450-550 billion from the stock and bond market in 2015 Fed add $0 Fed pushing interest rates to 10 percent in order to fight 15 percent inflation
Yep by Sept 2015 the stock market will collapsed to near zero and the dollar has been abandoned by every trading partner in the world.
Obama stole 26 billion$ from the "Greedy Bondholders" so GM could stay in business. Many people had their life savings in GM Bonds and he stole it so he could get the Union to vote for him, which they did. He's printing some $85 billion dollars a month to pay bills. Do you think we are not going to have a super big inflation period up ahead.
Many think our dollar will soon not be the world standard currency because it is getting weaker. If this becomes true plan on having about 50% or less value on your dollar. Then will you still be praising Obama for his bailing everyone out like GM who has been mismanaged for decades. Don't give to any country that spits on us. You can't buy loyalty.
170% and you have many gap down losers during this period..........don't forget to mention AA at 18
now still below 12 and GOLD at 1900 now still below 1400
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[BRIEFING.COM] The stock market is experiencing one of its worst days in some time. Every Dow component is lower at this time and every sector is sporting a loss of at least 1.0%. The A/D line at the NYSE favors decliners by a 10-to-1 margin.
We acknowledged many of the reasons in our midday summary why the market is doing so poorly. We won't rehash them here, only we'll add that today is peculiar because there isn't a rotation within the stock market to ... More
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