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Good news for the 90 year old retiree in Tokyo....
MGLICKER
Posts: 7,995 ✭✭✭
....his nest egg investment into the Nikkei at retirement in 1989 is nearly worth 44% of what it as 25 years ago.
Good thing that the index has doubled over the last couple of years.
Good thing that the index has doubled over the last couple of years.
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<< <i>....his nest egg investment into the Nikkei at retirement in 1989 is nearly worth 44% of what it as 25 years ago.
Good thing that the index has doubled over the last couple of years.
Nah...it's a good thing there are so many on topic threads here in the PRECIOUS METALS forum......
(and, yeah, one can always try to blah blah blah and spew some rhetoric crap saying how it is all related, but if they actually believe that, they should run for political office as many politicians actually believe their own lies as well)
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
<< <i>
<< <i>....his nest egg investment into the Nikkei at retirement in 1989 is nearly worth 44% of what it as 25 years ago.
Good thing that the index has doubled over the last couple of years.
Nah...it's a good thing there are so many on topic threads here in the PRECIOUS METALS forum......
(and, yeah, one can always try to blah blah blah and spew some rhetoric crap saying how it is all related, but if they actually believe that, they should run for political office as many politicians actually believe their own lies as well) >>
Off topic threads are the only thing standing between us and the fate of the stamps forum
<< <i>Nah...it's a good thing there are so many on topic threads here in the PRECIOUS METALS forum...... >>
So you are suggesting that alternate investments to metal or international monetary policy or banking collusion are not pertinent to the metals market?
I believe that most here would disagree with that.
Give Me Liberty or Give Me Debt
Knowledge is the enemy of fear
<< <i>Is it good to be 90 years old? >>
I'm not anticipating 70, can't fathom 90.
....his nest egg investment into silver bullion at retirement in 1979 is nearly worth 34% of what it as 35 years ago.
Good thing that silver bullion is stillat double it's price of 9 years ago
Liberty: Parent of Science & Industry
<< <i>Is it good to be 90 years old? >>
It depends on Depends.
Too many positive BST transactions with too many members to list.
for this kind of analysis, we like to assume that the hypothetical person put 100% of his money into the thing at the exact top of the market (no purchases before or after) and held all of it the entire time!
That's fun!
Liberty: Parent of Science & Industry
<< <i>Right?
for this kind of analysis, we like to assume that the hypothetical person put 100% of his money into the thing at the exact top of the market (no purchases before or after) and held all of it the entire time!
That's fun! >>
Nope....lesson is that stuff, including silver and gold and real estate and equities can reach multi decade tops.
Most here already know that. Some though do not.
<< <i>he shoulda done something way back then with it. ho hum, move on..... >>
Correct......for the investor without the "market will always come back" mentality, other options await.
"If and when an economy is as deep in the doldrums as all major economies today are, you can’t rescue it by taking from the poor to save the rich. It’s fundamentally impossible. You need the bottom 90%’s spending in order to generate enough GDP to stay out of deflation. Money must move through an economy for it to stay sufficiently ‘lubricated’. And the only people who can keep that money moving are the bottom 90%. It’s Catch-22. Any stimulus must be directed at the bottom, or it must of necessity fail. Nothing commie or socialist about it, but simply the way economies work."
Give Me Liberty or Give Me Debt
Box of 20
<< <i>Japan raised its national sales tax from 5% to 8% in April which didn't help their economy. Is a U.S. Federal Sales Tax coming soon? >>
A major problem in Japan is money velocity (as it is in the US), people are not spending a lot. A 3% increase in sales tax leaves them with even less to spend. Where do they find such economic "leaders?" Hint: Same place we find ours - Academia where most everything is unproven theory. I have a brother who spent his whole life teaching, never held job in the real world. He knows everything except reality. Sorry too offend our teaching membership, but it is what it is.
Give Me Liberty or Give Me Debt
<< <i>Japan raised its national sales tax from 5% to 8% in April which didn't help their economy. Is a U.S. Federal Sales Tax coming soon? >>
If a sales tax means a lowering of tax rates, I am all for that. A sales tax gets everyone to pay something; foreign tourists, cash workers, drug dealers, etc.
Japan's population is aging and shrinking. That has more to do with things than a sales tax.
Japan's economic problems are much, much more deep rooted than demographics. Following the FED's playbook will only cause them more misery.
Give Me Liberty or Give Me Debt
<< <i>Raising a sales tax from 5% to 8% is not a lowering of tax rates. Creating a national US sales tax will only increase taxes, it will not remove or lower other consumption (state sales taxes) or income taxes. To think that the Greeds would let you keep more of your income is a pipe dream.
Japan's economic problems are much, much more deep rooted than demographics. Following the FED's playbook will only cause them more misery. >>
I don't agree with anything you just said
We have collectively made a deal with the devil and nighttime is approaching.
<< <i>
<< <i>Is it good to be 90 years old? >>
I'm not anticipating 70, can't fathom 90. >>
90 is the new 70.................How do we know he didn't use most of his money wisely on hookers, booze and drugs in his youth and didn't blow the rest on investing in the Nikkei?
M
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
Higher you say?
Yes, with a 2 year Yen Decline from 80 to the Dollar to 119, his cost for gasoline is higher than it was two years ago at the start of Abenomics.
Good. He shouldnt be on the road anyway.
Knowledge is the enemy of fear
<< <i>The retiree has finally given up driving
Good. He shouldnt be on the road anyway.
Vision was going, the man with the cataract is no longer behind the wheel.
Has he now?
Your use of the singular indicates that you either believe that there is exactly one retiree, or you are describing one specific individual.
Or maybe you are referring to some "average" retiree? If so, it will not be difficult to prove your assertion false, as certainly there is no circumstance that the average amount of driving of any legitimate statistical sample of "retirees" is zero.
Maybe you have chosen a subset of retirees that you know specifically used to drive but now none of them do. In which case the factual information content of your statement is still very nearly zero.
Liberty: Parent of Science & Industry
My point, in a round about way was that while we in America are enjoying lower fuel prices, those in Japan are paying more per gallon than 2 years ago as the currency has fallen off a cliff. The same is no doubt true of many or most imported items.
<< <i>Raising a sales tax from 5% to 8% is not a lowering of tax rates. Creating a national US sales tax will only increase taxes, it will not remove or lower other consumption (state sales taxes) or income taxes. To think that the Greeds would let you keep more of your income is a pipe dream.
Japan's economic problems are much, much more deep rooted than demographics. Following the FED's playbook will only cause them more misery. >>
I agree with everything you just said.
Is it good to be 90 years old?
Yes, assuming exceptional health nearly the whole way. If the last 5-10 years were spent in a nursing home or bed ridden, it's probably not all that much fun being 90. No need to worry. Between reducing medical care for seniors over the coming decades and ACA death panels, 90 might become a pipe dream for most Americans.