As DH has most of his retirement in the stock market, I do worry. I remember the stories of the great stock market crash in '29, not that I would believe it would happen again ... but then ...
Silver is struggling too, I think I would rather take it with me than to sell for the pittance that it goes for now. LOL!
No matter what the topic is in the news today, somewhere, somehow, amid the gore, the politics, and the carnage - it all leads back to the money. It's all about the money. No dirty deed can be done without the power of money.
sad but true.
ReplyDeleteYou got that right. It is all about the money. Crazy stuff happening in the market and with China... yikes! Who knows where this world is headed..
ReplyDeleteDown that creek, Bobbi. :-(
DeleteI'm not a economist and have no great wealth. Unless I win the lottery. But I can say they need to build up a strong middle class.
ReplyDeleteBut I don't have an answer but I know something need to break...Coffee is on
At one time we were middle class and comfortable - now, same wages, but a lot less buying power. The middle class seems to be slowly disappearing.
DeleteAnd there is even an argument over what defines the "middle" class. I have heard everything from about 40K to about 250K. Um. I guess I haven't hit middle yet, by those definitions. Not really worried about it, but it does seem like those doing the studying thereof might get a definitive definition? Or, go buy a lottery ticket for the over half a billion lottery and win, and the point will be moot. Heh. It does concern me about that, as my parents have retirement in stocks, as well, and Mom ends up with Tums by the case every time the market takes a stumble...
ReplyDeleteCat
Middle class definition is climbing like the mercury on a hot day. That comfort level is leaving - for lots of us folks, as we slide down on the scale even though we work just as hard. Retirement has turned into a game of craps. It is hard to know where to invest for our retirement since Social Security doesn't look as if it is even going to be here by the time DH retires. I can see that metals wasn't the place to go ...
DeleteI will never use the stock market again. I lost allot in, I think 99 or 2000. When prices went down big time. I invest in cash now.
ReplyDeleteCash is good, no denying that. It just doesn't have a chance to grow and inflation is such a problem.
DeleteWay back in grade school they taught us to not put money in the stock market that we couldn't afford to lose so I have never put any money in them.
ReplyDeleteThanks for stopping by Billy B. It's always nice to see a new face!
DeleteI'm not one to enter this discussion but John sure would. He watches the stock market station all day. That little ticker tape across the screen drives me crazy. My deceased husband used to always tell me you never know how much you're going to use when you get older so we didn't live in a mansion or go on real vacations. Guess I'm glad with the expensive medicine I have to take for my blood condition.
ReplyDeleteI check it every day. It does reflect a bag load of things going on in the world and it's interesting to see what causes the changes in the numbers. I just check Kitco - the ticker tape drives me buggy too. :-)
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