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...