Is snark. If you ignore portions of an equation and say see, we'd all be better off if Social Security was invested in the stock market, without explaining why the stock market is as over valued as it is, is being disingenuous in my opinion. That is what i was asking. Read the post bel…
Is snark. If you ignore portions of an equation and say see, we'd all be better off if Social Security was invested in the stock market, without explaining why the stock market is as over valued as it is, is being disingenuous in my opinion. That is what i was asking. Read the post below this, this is what El Gato posted on the article you linked to yesterday.
el gato malo
Nov 9, 2023
Author
up, yeah. the SPX was about 1400. it's currently 4300, so up 207% since then.
meanwhile, the alleged SS trust fund (an imaginary accounting entity) earns negative nominal returns.
you sure you've got your math right?
Essentially what he's saying is look the SP 500 was 1400 in 2008 and now its 4300! That's progress bro! And i'm saying well the debt was 8 trillion in 2008 and its now 34 trillion in 2024, that is not progress bro! So yeah the stock market is up 207% but the debt is up 325%. Dude is lying.
Yes, I agree. I was explaining to my 14yo who was astonished that a real estate investment I made when she was born was up in value over 300% just 14 years later. I had to caution her though that when I bought it, a gallon of gas and a BigMac were both $2 and are now 300% more. So I asked her to do the math and she correctly calculated that my investment had gained 0% in real value. We were both relieved that at least it hadn't lost money...
I dont think that GM is lying, that supposes intent that is difficult to attribute to another. Perhaps he/she is just wrong in an assessment or perhaps we are wrong in our analyses of what he is saying.
I try to be fair...at least to a point. Still want to know what TBTF stands for....?
Then you are a good father, everything i learned worth learning was from mine. TBTF stands for Too big to fail. Remember the banks that wrecked the economy in 08 that we still haven't recovered from? After Obama and Trump, i think the powers that be know people are angry, and they trot people out like that as controlled opposition. All i'm saying is i wouldn't believe everything Gato says. I don't know a single person who died from covid, and i don't know a single person who has died from the jab. I think everyone is lying. The empire is failing and they will tell you or pay whoever to tell you what you want to hear depending on your political persuasion.
oh, yes! I see you answered that first and I didn't make the connection. Thanks. Yes I remember the banks bailout, the Auto industry bailouts, and many other bailouts that paved the road to hell we now live in.
Long long ago, i had to take an ex to house before a wedding so she could get all bridesmaided up. Dropped her off around 8 am in a town where i knew no one. The markets had just crashed and my curiosity was raging to be filled. I ended up at a barns and noble and read almost half a book before i bought it. The wedding was dry, and i wasn't so crazy about the people in attendance so at one point i left to the parking lot and continued reading the book by the car lights. The book is dated at this point because i believe it was written in 2006, but at the same time its not. You might want to check it out, maybe pass it along to your daughter if you enjoy it.
To big to fail.
"you sure you've got your math right?"
Is snark. If you ignore portions of an equation and say see, we'd all be better off if Social Security was invested in the stock market, without explaining why the stock market is as over valued as it is, is being disingenuous in my opinion. That is what i was asking. Read the post below this, this is what El Gato posted on the article you linked to yesterday.
el gato malo
Nov 9, 2023
Author
up, yeah. the SPX was about 1400. it's currently 4300, so up 207% since then.
meanwhile, the alleged SS trust fund (an imaginary accounting entity) earns negative nominal returns.
you sure you've got your math right?
Essentially what he's saying is look the SP 500 was 1400 in 2008 and now its 4300! That's progress bro! And i'm saying well the debt was 8 trillion in 2008 and its now 34 trillion in 2024, that is not progress bro! So yeah the stock market is up 207% but the debt is up 325%. Dude is lying.
Yes, I agree. I was explaining to my 14yo who was astonished that a real estate investment I made when she was born was up in value over 300% just 14 years later. I had to caution her though that when I bought it, a gallon of gas and a BigMac were both $2 and are now 300% more. So I asked her to do the math and she correctly calculated that my investment had gained 0% in real value. We were both relieved that at least it hadn't lost money...
I dont think that GM is lying, that supposes intent that is difficult to attribute to another. Perhaps he/she is just wrong in an assessment or perhaps we are wrong in our analyses of what he is saying.
I try to be fair...at least to a point. Still want to know what TBTF stands for....?
Then you are a good father, everything i learned worth learning was from mine. TBTF stands for Too big to fail. Remember the banks that wrecked the economy in 08 that we still haven't recovered from? After Obama and Trump, i think the powers that be know people are angry, and they trot people out like that as controlled opposition. All i'm saying is i wouldn't believe everything Gato says. I don't know a single person who died from covid, and i don't know a single person who has died from the jab. I think everyone is lying. The empire is failing and they will tell you or pay whoever to tell you what you want to hear depending on your political persuasion.
oh, yes! I see you answered that first and I didn't make the connection. Thanks. Yes I remember the banks bailout, the Auto industry bailouts, and many other bailouts that paved the road to hell we now live in.
Long long ago, i had to take an ex to house before a wedding so she could get all bridesmaided up. Dropped her off around 8 am in a town where i knew no one. The markets had just crashed and my curiosity was raging to be filled. I ended up at a barns and noble and read almost half a book before i bought it. The wedding was dry, and i wasn't so crazy about the people in attendance so at one point i left to the parking lot and continued reading the book by the car lights. The book is dated at this point because i believe it was written in 2006, but at the same time its not. You might want to check it out, maybe pass it along to your daughter if you enjoy it.
https://www.amazon.com/Empire-Debt-Financial-Crisis-Agora/dp/0471739022