Earlier quoted context omitted.
Ummm what are pension funds?
Pensions as we know them won't exist in five to ten years.
Could you elaborate please? Genuinely interested to hear your take.
U.S. job openings post biggest drop in more than four years
51–60 of 276 posts
Re: U.S. job openings post biggest drop in more than four years
#52Earlier quoted context omitted.
Except, of course, as people are finally starting to notice and point out, high stocks only benefit the top 10% of society, and are a useless indicator for the vast majority, who have little to no holdings.
> high stocks only benefit the top 10% of society, and are a useless indicator for the vast majority, who have little to no holdings. This is absolutely not true. Most pension plans are at least partially invested in stocks.
Agreed. In addition to pension plans (most government employees), all 401K plans invest into stocks/indices. That's a huge chunk of regular middle class people throwing money into the market. Just because some people don't actively day trade, it doesn't mean that they're not affected by stock market.
Re: U.S. job openings post biggest drop in more than four years
#53All 3 stock indexes record high opening. Consumer confidence 20 year high. Enormous USMCA trade deal finally passed by US Congress after the House sat on it for a year. Reuters just salivating over finding something they can spin as negative about the current economy.
Market is overpriced, equities vs gdp. Money is flowing into indexes, reducing price discovery and liquidity. Half of stocks in s&p500 have less $150m trade volume. Investors are over allocated to stocks. This is all following the yield curve uninverting. Bridgewater meanwhile is betting big on gold. Disclosure: I've reduced my equity holdings in half with plans to go further.
Hopefully you didn't miss out on this weeks earnings season! Been a great week for equities
Re: U.S. job openings post biggest drop in more than four years
#54Re: U.S. job openings post biggest drop in more than four years
#55Does the US government provide metrics on job openings by wages or some measurement of monthly or annual earnings? My portfolio has been doing fantastic, but I have to stop and wonder how the average person who doesn’t have assets is doing.
Given wages not increasing with COL in cities and availability of credit (student loans, rising rents, credit cards, low interest rates) I'd assume poorly
Numbers prove your assumptions wrong. Take a look over at the bureau of labor reports, Q4 2019 is out
Re: U.S. job openings post biggest drop in more than four years
#56Earlier quoted context omitted.
Look at interest rates. The cost of borrowing matters more than the amount borrowed.
Wow... That's an interesting assertion and frankly, crazy. Care to explain? Fundamentally there is no difference is the debt at .01% or 15%, if one cannot make the payment, they are in trouble. If the holder of the debt cannot collect, they're in trouble.
Don't comment on extremely basic financial concepts if you don't understand them SMH...
> Fundamentally there is no difference is the debt at .01% or 15%
Wow indeed. Literally no words.
Re: U.S. job openings post biggest drop in more than four years
#57Earlier quoted context omitted.
And the largest deficit in history... Who is going to pay for the debt fueled growth? Hint: Its not the people benefiting most from the markets... The US economy is as stable as Trump and as factually real as his skin tone...
Look at interest rates. The cost of borrowing matters more than the amount borrowed.
In the context of the US debt, this is an incredible claim.
1. It's larger than ever 2. It's growing faster than ever 3. T-Bill rates are at record lows
If 1. and 2. were false because 3. is true, you'd have a cogent point. But they aren't false. The debt situation is getting dramatically worse despite low rates, and those low rates on the perpetually recycled US debt are unlikely to hold. So when the $5T of debt Trump added is resold at 5%, and the sugar rush of his economic priming is over...yeah, it's not going to look so great.
Re: U.S. job openings post biggest drop in more than four years
#58Earlier quoted context omitted.
Except, of course, as people are finally starting to notice and point out, high stocks only benefit the top 10% of society, and are a useless indicator for the vast majority, who have little to no holdings.
> high stocks only benefit the top 10% of society, and are a useless indicator for the vast majority, who have little to no holdings. This is absolutely not true. Most pension plans are at least partially invested in stocks.
As of 2016, according to NASRA, pension funds on average had 48% of their holdings in stocks.
And the pension market is ~140% of GDP. So that's a lot of cash in stocks. Too much if you ask me, but I'm just an engineer.
Re: U.S. job openings post biggest drop in more than four years
#59Earlier quoted context omitted.
And the largest deficit in history... Who is going to pay for the debt fueled growth? Hint: Its not the people benefiting most from the markets... The US economy is as stable as Trump and as factually real as his skin tone...
Look at interest rates. The cost of borrowing matters more than the amount borrowed.
I assume you mean US bond rates? You're assuming that's an indicator of confidence the US will be able to keep borrowing? Is it not just confidence it will make good on what it currently owes before becoming insolvent?
But alright, so we can borrow. Can we pay for healthcare and schools now?
Re: U.S. job openings post biggest drop in more than four years
#60Earlier quoted context omitted.
Ummm what are pension funds?
Indeed, "what are pension funds"? I don't have a pension. No one I know personally has a pensions. The younger or non-tech people I know have little to none in their 401k.
I entered the workforce about 10 years ago and I genuinely don't even know what a pension is. I know what a retirement plan is, and employer matching. I guess a pension is something different from that.