tag:blogger.com,1999:blog-27697009.post8628268156231262238..comments2024-02-29T03:21:35.007-08:00Comments on The Great Depression of 2006 : A Readers PerspectiveJim in San Marcoshttp://www.blogger.com/profile/09435296419912935381noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-27697009.post-519526068427123192016-01-12T21:16:58.943-08:002016-01-12T21:16:58.943-08:00Hi Dan Mac
Thank you for lurking
Your acknowledg...Hi Dan Mac<br /><br />Thank you for lurking<br /><br />Your acknowledgement is my paycheck.<br /><br />Take care.Jim in San Marcoshttps://www.blogger.com/profile/09435296419912935381noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-32774640971401724702016-01-12T21:02:10.287-08:002016-01-12T21:02:10.287-08:00Hi AIM
I think that once we find out what is goin...Hi AIM<br /><br />I think that once we find out what is going to happen, we will find out that it has happened before. Maybe in a different order.<br /><br />But you are right, the uncertainty is what is killing us. It's the unknown times ahead that have us puzzled.<br /><br />In the last depression everyone lost their savings. It only hurt those retiring. This time we have Social Security and food stamps. The game has changed a bit, I'm not really sure what's supposed to go haywire this time around.<br /><br />I still like Canadian Silver Maple Leafs with a face value of $5 as a good store of value. Of course I can buy twice as many today as I bought two years ago for the same price, so take my advice with a dash of caution.Jim in San Marcoshttps://www.blogger.com/profile/09435296419912935381noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-14892493074770827752016-01-12T20:35:07.037-08:002016-01-12T20:35:07.037-08:00Hi dearieme
I plead guilty of not checking his da...Hi dearieme<br /><br />I plead guilty of not checking his data. A lot of it depends on how it is worded. Owning a home free and clear without any savings tends to fit in the "no money in the bank" group. Plus with interest rates almost negative, there isn't much incentive to even attempt to put money in a bank.<br /><br />Since the recession began, the 50 and over group got hit the hardest and many have already spent their retirement nest egg.<br /><br />From looking at some of the credit card data, it could be as high as 70 percent for people that have debts exceeding their net worth. The credit card companies are not used to long time customers dropping dead with large bills unpaid. Fortunately, debts are not inheritable. So if your 95, go out and splurge on the grandkids or that "massage parlor."Jim in San Marcoshttps://www.blogger.com/profile/09435296419912935381noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-59556941831101058722016-01-12T06:17:35.127-08:002016-01-12T06:17:35.127-08:00Happy New Year to Jimfans.
My eye was taken by &q...Happy New Year to Jimfans.<br /><br />My eye was taken by "62% of Americans have less than $1,000 in savings". I saw an extraordinary claim recently - I don't know whether it's true but the fact that it could even be entertained struck me. It was this: the median Brit has more wealth than the median American. It has to be "median" not 'mean' (you have more plutocrats than we have). Can it be true? If true, could it be an artefact of how the data are gathered, or what definitions are made? <br /><br />But still: such a statement would have been unthinkable for most of my life.deariemenoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-82356544900760923602016-01-11T15:14:44.733-08:002016-01-11T15:14:44.733-08:00None of this has ever happened before. We're i...None of this has ever happened before. We're in unchartered waters. At least on this planet. No one knows what they are doing. No one knows where this is going. Only thing we know is that, because of debt, corruption and ignorance, it can't be good. Enjoy your life, family and friends in the present and be grateful for what you've had and have. Unknown times ahead.AIMnoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-14109616333060668272016-01-11T00:21:22.292-08:002016-01-11T00:21:22.292-08:00Yes Jim....you were right all along.
Lurkingly yo...Yes Jim....you were right all along.<br /><br />Lurkingly yours since ~ '08 as well. <br /><br />Be well in 2016.Dan Macnoreply@blogger.com