Coming from here:
http://davesgarden.com/community/forums/t/1198932/
Looks like this week is picking up where the last ended - big losses on tap for the market. Europe continues to be the main culprit.
Money Matters - Part 8
thanks for the thread but not the news. (Yes you may live, Mr Messenger)
LOVE the pic!
Hahaha. I didn't realize what the pic was until I enlarged it. Down the drain. Or black hole. Either one fits the bill nicely.
I have a VERY knowledgeable friend who mention that the 4 "conflicts" we are currently in have cost $800 billion dollars. No wonder there is a deficit!
It's higher than that, Cat, but that pales in comparison to the 'entitlements'. Even worse, the official national debt does not include all the unfunded IOU's, nor all the unfunded state and local pensions. However bad you think things are, they are much worse.
Sorry! ^_^
I hate that word 'entitlements'! I have paid for those benefits up front!
I don't like it either. However, no one has paid up front! That's the problem. Just looking at ss, in less than ten years after you retire, you have used up everything you put in, including the stellar 1% return it has earned. So if you die in less than that period, then YES, you paid up front! ^_^
More importantly, though, all the money you contributed over the years is NOT sitting there waiting for you like your pension or 401(k) money is. It was spent each year it was collected. An IOU was then issued by the treasury when the ss administration handed over what was left after cutting all the checks that year.
I always joke with people about this mistaken idea of a ss 'lockbox'. I tell them that I hope it's not made by the same company that made their daughter's chastity belt!!!
The markets now see a 98% chance of a Greek default. Ugh. That will not be an isolated event.
Don't worry everything is going to be okay! Be Happy!
(Cool SFX money pic! ☺)
Everytime a certian person makes a speech on TV the market tanks.
I almost had a heart attack this morning, I saw these to go off at an auction Thursday. I want to get my hands on these and hard. What I am seeing in the pic, I will go up to 300 bucks - easy. I know I sold one in that pic for 128 bucks. Drooling Drooling Drooling
I LOVE the blue ones!
Market made big comeback on 'good news' that China may bail out Italy by buying their bonds. Wait until China implodes.
schickenlady, what ARE those things?
Look like teacups to me.
Bone from what animals??
Mad cows of course
Our county has instituted a few cost raises to our seniors- flat fees raised at COmm College, some small fees at library that used to be free, those kinds of things.= which they are treating like Eldergeddon.
Aren't we all gedden elder??
Thanks... I guess I should look into teacup prices! I have my mother's demitasse cup collection (boxed and put away because no display space), including some I gave to her over the years. Two I want to keep are a Rosenthal from ~.1850, and a funky one my dad sent home from the Pacific during WWII. Most are bone china, as I recall.
Yeah- but also gedden wiser
; ^)
Ten-year US bonds are yielding under 2%. Guess what Greece has to offer to get people to buy their ten-years??
25%!!!!
Giving new meaning to "greasing the palm".
I know another Greek analogy, but cannot post it. ^_^
Wow - horrible numbers in reports all over today. Poverty rate has zoomed the past year or so. Worst in 60 years. The lower fifth has seen their incomes plunge the past two years. And last year, 1.5 million lost their private health coverage.
Heath ins costs too much if you pay it yourself! People cant afford it by themselves then they play Russian roulette hoping that they wont get sick, if they do they're up the creek!
- it's terrible, like we're going back to Feudal times when the aristocrats had doctors and the peasants prayed a lot..
Eventually we will all be on govt health.
Somehow that sounds ominous, as in 'foreboding'.. lol!
And oil just closed at its highest in six weeks.
And for the good news......................?????????????????????
When I cleaned up my bead cabinet I found an emerald necklace and emerald beads I thought I had lost. (They aren't worth any real money - but it made my day.)
Nice!
Yay for nice surprises, Yankee.
Good news - grandy baby from Texas will be visiting next week.
Enjoy, Jan! Man, are they suffering in TX!
There are soooo many things that effect us that we have no control over, and believe me I've had my share this year.
Last November after 39 years I lost my job - shock #1
Because of my age (64) and health concerns I had little or no chance of getting another job. The good thing was that I was given 39 weeks of continuence pay.
Now that it has ended health care cost are $600 a month instead of $150.
My company offered a retirement advisor to people who were retiring. Because I left before retirement I wasn't offered or even knew that there was this assistence.
I did all my retirement choices and paperwork by myself.
The day after I "retired" on Aug 8th, I signed up to have my 401K rolled over to an annuity in the morning. By 4PM the market had dropped over 500 points and I lost 20% of everything I saved for 35 years.
Because of not knowing the proper way to file for retirement I have to wait 2 months for any money.
But you know what? I ain't gonna let it get me down.
I started volunteering at a local hospital doing patient transportation. Its not always easy, but I love every moment. I love the people I work with, I love the patients I come in contact with.
My garden has never looked better, I have re-entered my collecting of wines. And I might take up fishing again after 40 years.
Darn, but life can be good if we let it.
Chuck
Great to hear, Chuck!!
That's the spirit, " Damm The Torpedoes Full Steam Ahead!".
(I wonder whatever happened to that guy..)
Was killed tragically when his brakes failed.
lol!!..