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originally posted by: burdman30ott6
originally posted by: Fools
ANyway, I have lost all of about 300 bucks since around September. Get back with me when my retirement is halved.
So another $122, more or less, ya?
However, when it comes to their investments, the same cannot be said.
Most are still incredibly cautious, continuing the theme that’s been in place since the GFC. And those fears are getting worse, not better, especially towards the housing market and shares.
“Responses on the ‘wisest place for savings’ suggest risk aversion has intensified,” said Bill Evans, Chief Economist at Westpac Bank, following the release of the latest Westpac-MI Consumer Sentiment report for December today.
“Nearly two thirds of consumers now favour safe options — bank deposits, superannuation or paying down debt. Only 10% favour real estate, a new record low going back to 1974.
an established power has never passively watched a rising power take its spot... America is #2 China's rise means Loss of power and wealth
The Fed is using interest rates to arrest economic growth and NO ONE actually knows why.
The Recession of 2008 (also called the Recession of the late 2000s or the Great Recession) was a major worldwide economic downturn that began in 2008 and continued into 2010 and beyond. It was caused by the Financial Crisis of 2008; it was by far the worst recession since the Great Depression of the 1930s.Sep 26, 2018
Financial Weapons Of Mass Destruction: The Top 25 U.S. Banks Have222 Trillion Dollars Of Exposure To Derivatives
If 1 major bank goes under, the whole banking syst. goes under. They're all inextricably linked via QUADRILLION$ of derivatives contracts.
In 2017, global GDP amounted to about 80.05 trillionU.S. dollars. Gross domestic product, also known as GDP, is the accumulated value of all finished goods and services produced in a country, often measured annually.
What is a deflationary trap?
A deflationary trap is a state of persistent deflation that can spiral downward in the face of zero percent interest, according to Yasushi Iwamoto, professor of economics at the University of Tokyo.