coolhand
TSP Legend
- Reaction score
- 395
Re: What does a Recession Look Like???
clank-fooed??? Even google doesn't know what this means, but I suppose I can wager a guess. lol
I'm not sure what you're asking here boghie. Are your questions in response to my last post?
If so, don't read too much into it. FWIW, while I do read some opinions pieces here and there, I take all of them with a grain of salt. Whether they're bullish or bearish. Economics is so manipulated on a global scale that I find it largely a waste of time to do too much analysis of it. We've become victims of a media that constantly blitzes us with their editorials and opinions. Many of which try to convince us of one thing or another.
There was a time not too long ago when I used to eat this stuff up. Not any more. Too much exposure to this toxic waste gets into ones psyche and causes emotional imbalance. lol
When dealing with the stock market getting too bullish or bearish based media storylines can be dangerous to ones portfolio.
Anyway, I'm just trying to play down any given story that I may post. Again, I take none of them too seriously, even if I tend to agree or disagree with them.
As to your question regarding the G fund and Government sector risk; as you know TSP is a Government sector 401K plan. That means the same folks who try to guide our economic policy (other than the Fed and CBs) also use TSP to pad their own retirements. They have a stake in our economic outcome too.
If one was to believe that our economy was is serious danger of collapse then I would say that it probably doesn't make a hill of beans what us peons do to avoid economic carnage. It is what it is. Even Obama is going to find it exceedingly difficult to guide us out of this mess, contrary to many who voted for him might think. If the dollar collapses who cares where we had our cash parked. It would be worthless, right?
Then there's the question of gold that will invariably be brought up by others.
Okay, fine. But I have a very hard time seeing how that will work since we haven't used a barter system in decades.
I'm setting myself up here for a lot more posts, I know. lol
Bottom line, I expect economic difficulty down the road, maybe very difficult, but I fully expect us to weather it. We have to remember that it's not just the US; it's the whole world who's economic health is at stake.
Economics is not just about finance. It's a three headed monster consisting of monetary, military, and geographic aspects. Every country in the world manipulates their policies to affect each of those facets. The bigger the player, the more ripples those policies propogate.
The media tends to focus on just monetary policy when talking about our economic boom or bust. But it's not that simple.
Here's a link that I invite everyone reading this post to pagemark. It's a daily commentary from Stratfor that's free to everyone (I'm pretty sure of that, but let me know if I'm wrong). It's usually about 3 minutes in length, but they give some pretty good analysis of this three headed monster. It generally just covers the news of the day, but over time it helps give the listener a different perspective then the one mainstream media provides.
http://www.stratfor.com/podcast
clank-fooed??? Even google doesn't know what this means, but I suppose I can wager a guess. lol
I'm not sure what you're asking here boghie. Are your questions in response to my last post?
If so, don't read too much into it. FWIW, while I do read some opinions pieces here and there, I take all of them with a grain of salt. Whether they're bullish or bearish. Economics is so manipulated on a global scale that I find it largely a waste of time to do too much analysis of it. We've become victims of a media that constantly blitzes us with their editorials and opinions. Many of which try to convince us of one thing or another.
There was a time not too long ago when I used to eat this stuff up. Not any more. Too much exposure to this toxic waste gets into ones psyche and causes emotional imbalance. lol
When dealing with the stock market getting too bullish or bearish based media storylines can be dangerous to ones portfolio.
Anyway, I'm just trying to play down any given story that I may post. Again, I take none of them too seriously, even if I tend to agree or disagree with them.
As to your question regarding the G fund and Government sector risk; as you know TSP is a Government sector 401K plan. That means the same folks who try to guide our economic policy (other than the Fed and CBs) also use TSP to pad their own retirements. They have a stake in our economic outcome too.
If one was to believe that our economy was is serious danger of collapse then I would say that it probably doesn't make a hill of beans what us peons do to avoid economic carnage. It is what it is. Even Obama is going to find it exceedingly difficult to guide us out of this mess, contrary to many who voted for him might think. If the dollar collapses who cares where we had our cash parked. It would be worthless, right?
Then there's the question of gold that will invariably be brought up by others.
Okay, fine. But I have a very hard time seeing how that will work since we haven't used a barter system in decades.
I'm setting myself up here for a lot more posts, I know. lol
Bottom line, I expect economic difficulty down the road, maybe very difficult, but I fully expect us to weather it. We have to remember that it's not just the US; it's the whole world who's economic health is at stake.
Economics is not just about finance. It's a three headed monster consisting of monetary, military, and geographic aspects. Every country in the world manipulates their policies to affect each of those facets. The bigger the player, the more ripples those policies propogate.
The media tends to focus on just monetary policy when talking about our economic boom or bust. But it's not that simple.
Here's a link that I invite everyone reading this post to pagemark. It's a daily commentary from Stratfor that's free to everyone (I'm pretty sure of that, but let me know if I'm wrong). It's usually about 3 minutes in length, but they give some pretty good analysis of this three headed monster. It generally just covers the news of the day, but over time it helps give the listener a different perspective then the one mainstream media provides.
http://www.stratfor.com/podcast
