Economy

[teachercd]

Oil jumped about $8 per barrel.

Hell yeah it did.

 

[BigRedBuster]

[No message]

 

[teachercd]

Lets see how this impacts the old stock market for the next hour.

 

[knapplc]

Like, yeah. No kidding.

 

[Archy1221]

Let’s see how this impacts the old stock market for the next hour.

The no rate change was already priced in.  I think it was a 90% plus chance of no rate cut and maybe 2 rate cuts for the rest of the year. 

 

[BigRedBuster]

[No message]

 

[Archy1221]

Except the four times since 2010 it didn’t I guess.    According to her chart anyways.   

 

[teachercd]

Social Security to run out by 2034!

 

[ZRod]

Social Security to run out by 2034!

It will won't run out. It just won't pay full benefits.

 

[teachercd]

It will won't run out. It just won't pay full benefits.

You would think with kids making 20 dollars an hour to flip burgers and make ice cream cones that it would fill up faster!

 

[ZRod]

You would think with kids making 20 dollars an hour to flip burgers and make ice cream cones that it would fill up faster!

Might want to try the other end of the pay scale.

 

[BigRedBuster]

Social Security to run out by 2034!

Not saying it's not true.  But, I've been hearing this for 30 years.  And, if it's true, there's a simple fix.

 

[teachercd]

Might want to try the other end of the pay scale.

How about we try both!

 

[Archy1221]

You would think with kids making 20 dollars an hour to flip burgers and make ice cream cones that it would fill up faster!

Man, I’ve been told here numerous times that social security is sooo much better than investing privately.    Who knew better meant less benefits paid out unless taxpayers got put on the hook for more money to fund it.   

And to think, the other way of investing for retirement would double your money on average every 7 1/2 years.  

 

[teachercd]

Not saying it's not true.  But, I've been hearing this for 30 years.  And, if it's true, there's a simple fix.

I have been hearing "30 years" forever.  

What would your fix be?

I am not sure what the best route would be to fix it.