RhodyPatriot
Diamond Member
- Aug 28, 2022
- 18,913
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Whatever credentialed expert
Oh my God deflation will kill us all
Get the f*** out of here
BELCH
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Whatever credentialed expert
Oh my God deflation will kill us all
Get the f*** out of here
No worries here. However the media, which is largely comprised of Boomers want everyone to join in their collective panic. " He's crashing the economy"! No... "We" dont have a problem. The super rich, and Boomers have a problem. For the majority of Americans it's a case of "Not my pasture, not my bullshit".You sound worried. I'm surrounded by boomers. They aren't concerned.
This not normal fluctuation, and you know it. Try again.Yesterday, the market closed up 235 pts. Today it closed down ~1700 pts. That is a fluctuation and today is not yesterday, so clearly it is day to day. Try again.
I would not invest one penny in the stock market, says this boomer.I could say I feel bad for you; but I don't. I'm neither a Boomer, nor extremely wealthy. So for all the hysteria about the market, please understand; it's catastrophic for you, not the other roughly 80% of us.
Today’s market dive disproportionately affects Baby Boomers and the wealthy because they hold a significant portion of their wealth in financial assets, particularly stocks. Boomers, born between 1946 and 1964, are either nearing retirement or already retired, with many relying on investment portfolios, such as 401(k)s and direct stock holdings, to fund their golden years. According to financial insights, they own nearly $20 trillion in stocks—almost half the U.S. market—making them highly exposed to market volatility. A prolonged downturn, like the recent 10% drop in the S&P 500 reported by Business Insider, shrinks their nest eggs, potentially forcing delays in retirement or reduced spending to stay afloat. The wealthy, similarly, have a large share of their net worth tied up in equities and other market-dependent assets, amplifying the impact of a slide compared to those with less invested.
In contrast, the bottom 80% of Americans are less directly affected by this market drop because their wealth is not predominantly tied to the stock market. For most, financial security hinges more on wages, home equity (if they own property), and immediate cash flow rather than investment portfolios. Data from the Federal Reserve highlights that the top 10% of Americans control two-thirds of the nation’s wealth, while the bottom 90%—which includes the bottom 80%—hold just one-third, with much of that in non-financial assets like homes or savings accounts. A market dive doesn’t immediately erode their day-to-day finances since they’re less likely to own significant stock holdings. Their economic struggles, like stagnant wages or rising costs, are more chronic and disconnected from short-term market fluctuations.
That said, indirect effects could eventually trickle down to the bottom 80% if a sustained downturn triggers broader economic consequences, such as job losses or reduced consumer spending by the wealthy and Boomers. However, the immediate sting of today’s dive is felt most acutely by those with substantial market exposure. Boomers face a unique squeeze: with limited time to recover losses due to their age, they’re urged to de-risk portfolios, as noted in Business Insider’s analysis.
(https://www.businessinsider.com/boomers-are-in-big-trouble-if-the-stock-market-keeps-sliding-2025-3).
Meanwhile, the wealthy, though more resilient, still see significant paper losses. For the bottom 80%, the market’s ups and downs remain a distant concern compared to pressing issues like inflation or job security, underscoring a stark divide in how economic shocks ripple through society.
(Wealth Inequality and the Racial Wealth Gap).
So keep tje sobbing down. Most of us don't care. And many of us in the know are absolutely loving it...
I can't seem to understand why you think you need to lie to yer fellow Americans.No worries here. However the media, which is largely comprised of Boomers want everyone to join in their collective panic. " He's crashing the economy"! No... "We" dont have a problem. The super rich, and Boomers have a problem. For the majority of Americans it's a case of "Not my pasture, not my bullshit".
the tariffs are a bargaining tool ..will Trump get everything he wants from the countries unfairly taxing our goods .. no .. he knows that .. he's going extremely hard to get a better deal .. the countries will lower their tariffs somewhat and then Trump will end the Tariffs he's placed on them .. its a negotiating tactic ..OK Zoomer, you will pay the tariff inflation on prices like everyone else.
Why yes people who have been in the game for 40 years have more invested than a 22 year old, but people who have been in the game 40 years also has seen this crap before.
So keep tje sobbing down. Most of us don't care. And many of us in the know are absolutely loving it..
Far from being "broke" as you put it. The overwhelming majority of my "wealth" isn't tied up in the Wall Street casino, with the possibility of going up in smoke one day due to politics. I'm confident that I can place my hands on more real value in a moments notice, than the majority of Americans bring in in a month. Easily. So no. Lots of folks wish they could be as broke as me. Lol! But what is funny is seeing the Boomers who fucked over the subsequent generations, so they could die comfortably in a golden coffin; being laid low by the very mechanisms they built to fuck everyone else over...You want others to be as broke as you, it really is the Trump mindset. Bring others down to my level by any means possible.
Too bad for you, I sold everything once the orange bag of shit took office. I'm good. And you're still broke.![]()
The Great recession was the result of government policy--clinton'sWe have never, ever seen it as a result of government policy.
While I admire/understand your perspective on the matter... I find it hilarious that the pundits, and talking heads; feel like we should be as panic stricken as they are; when for most of us, it's practically a non issue. These losses couldn't have possibly happened to more deserving bunch.
The politics you voted for, Trump had to "save" the worlds strongest economy.Far from being "broke" as you put it. The overwhelming majority of my "wealth" isn't tied up in the Wall Street casino, with the possibility of going up in smoke one day due to politics
Damn right i voted for it. And I'm loving every minute of it so far.The politics you voted for, Trump had to "save" the worlds strongest economy.
How's that working out so far? The Boomers didn't fuck over anyone, the government is in charge of that, and this latest iteration is the most harmful since the Great Depression.
It happens more times than you would like to admit. It has always recovered. It is due. But you can howl at the moon if you want. I will take it in stride and make some money.This not normal fluctuation, and you know it. Try again.
I understand what he is attempting.the tariffs are a bargaining tool ..will Trump get everything he wants from the countries unfairly taxing our goods .. no .. he knows that .. he's going extremely hard to get a better deal .. the countries will lower their tariffs somewhat and then Trump will end the Tariffs he's placed on them .. its a negotiating tactic ..
This is not normal fluctuation. You lie to protect Trump. It is down another 1600 points right now.It happens more times than you would like to admit. It has always recovered. It is due. But you can howl at the moon if you want. I will take it in stride and make some money.
It does hurt trump politicallyThe speculative gambling houses of Wall Street don't represent the reality of Main Street.
Regardless, you can bet there are a few making a fortune off this market downtown.
You should be diversified you should hold many thingsI would not invest one penny in the stock market, says this boomer.