Fleeing the markets...

One thing is certain... pre 2008 performance cannot return.

Once the $200-$400 Trillion of bogus, un-repayable I.O.U's get stripped out of the system true values will be re-established... a natural progression of growth for DOW (example) would have had it at about 4800 in 2008 - not 14000. Short of universal debt forgiveness - true correction will continue around the globe. Add to that the reality of 2011.

- Crushing sovereign debt.
- Shrinking GNP.
- Shrinking tax base
- Shrinking work force
- Rising unemployment
- Shrinking currency values
- Submerged asset values
- Crushing unfunded liabilities
- Easy resource fruit are picked already.

Markets long ago were disengaged from any sort of reality and became stand-alone casinos driven by speculation and pump inspiring media bites passing as news, a set up for the dump. Mega fund managers are trapped in a drying up pond so churn their bets to create illusion of activity and inspire contributions.

Money invested 10 years ago is back to face value minus inflation and devaluation.

Bottom line for pension - what the values are along the way are irrelevant, you do run out of time to re-plan... it is what the values are when you need them that matters.

Overall--Prognosis is poor... fleeing this ponzie trap is prudent.

Read more... http://beyondprophecy.blogspot.com/2011/10/economic-reality-2011-it...

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Tags: collapse, economy, market, meltdown, pension, stock

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Comment by Doug Lewis on October 12, 2011 at 9:12am

Seniors adding debt at faster pace: TD Bank!

Perhaps if a person expires 100 K in debt (insured)... they will have lived larger than not :-) Perhaps not a bad aspiration... (Tongue in cheek - of course).

Comment by Doug Lewis on October 8, 2011 at 10:12am

Granpa Ken, I suppose for the ones it all worked out for... things are good. The issue seems to be about disparity, such a huge gap between the "I'm all right Jack" and the "hand to mouth" majority, young folks have so much out of their reach with the way things are. 

Much of the alarm about the indebtedness of Canadian households focuses on the sector's debt being 146 per cent of personal disposable income. This is up from 90 per cent just 20 years ago. And two decades before that, indebtedness was less than 80 per cent of after-tax income. This rise in household indebtedness is a sociological as well as economic and financial phenomenon.

 

This cannot end well...

Also...

Value of Canadian pension funds plunges in third quarter on market ...

 

Linda, glad to see your ex was on the button... way too many got caught.

Comment by Grampa Ken on October 7, 2011 at 10:38am

Itend to agree with much of what you are saying. In my lifetime I have seen so many great advances made in living standards, for most; yet there has not been accompanying success in attaining greater social happiness, world peace or eliminating poverty. Over the past decades in the developed world, our society has turned into a consumption monster where more is never enough. So many excesses have been pumped into the way we live under the intense pressure applied by corporate marketing. Commercial interests are now always in the forefront 'encouraging' us onward.

Have we come too far down the wrong path for a gentle turnaround? Perhaps the bubble is bursting.

Comment by Linda Seccaspina on October 6, 2011 at 4:52pm

I know my ex pulled almost everything out.. I thought I would never live the days my grandmother told me about.

HUGGGGGG

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