Are you generalizing or are you just making stuff up?
Tom
IMF Predicts Deep Recession for US
- Thread starter Nelson Atwell
- Start date
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Are you generalizing or are you just making stuff up?
Tom
Nelson Atwell
Well-Known Member
What is the difference between generalizing and making stuff up? :unsure:
I don't really agree with Gary S's assessment of workers in Poland. There are some who still hold on to the old Socialist/hardcore union way of thinking about work, but they are a dying breed.
The governments here are pretty lean, and focus mostly on infrastructure and security issues. There isn't enough money for social programs. So lacking any real government handouts, people survive on their own efforts. When they become too old, then their children support them.
I don't really agree with Gary S's assessment of workers in Poland. There are some who still hold on to the old Socialist/hardcore union way of thinking about work, but they are a dying breed.
The governments here are pretty lean, and focus mostly on infrastructure and security issues. There isn't enough money for social programs. So lacking any real government handouts, people survive on their own efforts. When they become too old, then their children support them.
TrainTrac
Well-Known Member
That sounds a lot like America before the advent of big government and entitlements. Basically before FDR's New Deal, and LBJ's Great Society.
Les
Well-Known Member
The media sucks, they couldn't tell the truth if their life depended on it. They will just spin it whatever way will provide them the greatest marketing revenue. Today's media wants to be the news, not deliver the news...
gary s
Well-Known Member
tom,
just making it up, because you are the expert
just making it up, because you are the expert
Bill V
Well-Known Member
Nelson, regarding your original post--I need a term defined for me...
IMF = ?
IMF = ?
TrainTrac
Well-Known Member
International Monetary Fund
Bill V
Well-Known Member
Thank you...
TomT
Well-Known Member
IMF now:
I'm Monetarily F*cked
I'm Monetarily F*cked
Bill Barber
Well-Known Member
The sad thing for most market investors is that it may take yrs to get back to SQ one.
You have lost capital, that is not generating one penny.
If your young < 40 yrs old, maybe you can recoup down the road.
The stock market in todays world is not the end all be all that your lead to belive.
Your finacial advisors, your Brokers, make there living off of YOU, not the market,
Be carefull in what they tell you to do.
One other thing to consider in these times is, how is this bailout going to be paid for?
By tax increases, Big time tax increases, so down the road you make a couple hun thou in the stock market, consider your capital gains tax, both state and federal.
In my state the combined state and fed is 21% 1/5 of your gain.
After the upcoming election, the fed rate may increase dramatically
These new guys will have bills to pay, will be coming out of your pockets, good luck.
You have lost capital, that is not generating one penny.
If your young < 40 yrs old, maybe you can recoup down the road.
The stock market in todays world is not the end all be all that your lead to belive.
Your finacial advisors, your Brokers, make there living off of YOU, not the market,
Be carefull in what they tell you to do.
One other thing to consider in these times is, how is this bailout going to be paid for?
By tax increases, Big time tax increases, so down the road you make a couple hun thou in the stock market, consider your capital gains tax, both state and federal.
In my state the combined state and fed is 21% 1/5 of your gain.
After the upcoming election, the fed rate may increase dramatically
These new guys will have bills to pay, will be coming out of your pockets, good luck.
jason vocaty
Well-Known Member
just checked our companys 401k i got into bonds a few months ago call it a bad feeling i lost 2% they have lost 17% to 20% glad i got out when i did told them all what i did nobody listened they are all wishing they had!
