Absolutely! Art's where the real money is.
www.washingtonexaminer.com
Yep. Hard to find the bigger idiot in this contest.Absolutely! Art's where the real money is.
Hunter Biden's art now sells for up to $225,000 to anonymous buyers despite ethics concerns
The artwork of Hunter Biden is now selling for up to $225,000 to anonymous buyers at a new exhibition in Manhattan despite concerns over ethics and the
Indeed...Absolutely! Art's where the real money is.
Hunter Biden's art now sells for up to $225,000 to anonymous buyers despite ethics concerns
The artwork of Hunter Biden is now selling for up to $225,000 to anonymous buyers at a new exhibition in Manhattan despite concerns over ethics and the
How about the person that thought this would be a good idea?
I was referencing state employees, who do indeed have lifelong pensions at a high % of their highest income, at least here.
Yeah I know some business owners who do little to nothing and do pretty well too. There’s always a few bad apples in every stereotyping
Bad apples? Most workers I see are doing as little as possible for the check they receive. If they could get paid more for doing less, they would take it.
An engineer not doing jack shit isn’t surprisingI know an engineer who did jackshit for 6 months but use his company card to buy expensive dinners, he got fired and then got a check for $300,000 when the company sold 2 months later
Don't want to be salty, but really not sure what you are talking about. Pretty much every Federal employee I know still is getting a guaranteed lifetime pension. As far as state and local, might be different in other states, but here in Commiefornia every government employee from the Governor himself down to the local city dogcatcher is earning a guaranteed lifetime pension.
Federal employees will generally be GS or WG employees. They are the same across the nation. Their pension called the FERS is really small. The state of Montana went away from the types of pensions you mentioned around 2008ish or so. As far as state and local in cali that sure could be. Most of those systems fail long term.
We’ve probably lost nearly a 1000 years of experience at my org in the last two years for this exact reasonGet your new Ford truck now. 1000 more skilled people leaving the workforce because of a stupid math calculation.
1,000 salaried Ford workers retire after pension warning from automaker
Retirement-eligible salaried employees at Ford were warned about retiring this year to maximize a lump sum pension payment.www.usatoday.com
thehill.com
Strange for an economic think-tank and their top-notched resumes to come to the obvious conclusion that debt is paid for by the tax payer. A person could argue that it was the taxpayers that were the winners too. Remember that tax cut? Taxpayers also get Social Security, higher rates on savings etc. The vast majority is money to ourselves, so yeah, we will have to pay the bill. It is really just an argument on whether we will pay it, or the next generation, or the next, or...well, you get the picture.Good article. This guy gets it.
The big story on the market downturn: The wealth bubble is popping
The implications are huge for economies, fiscal and monetary policy, investors and savers everywhere.
Rare to hear anyone make this comment. Going to be the biggest negative economic influence going forward IMO.
"Who are the possible losers? Today’s taxpayers, for one, who must pay the higher cost of servicing our very large government debt once real interest rates rise."
You sound kind of cranky SAJ-99. Bad trading day?
Nope. Just standard disdain for economists who don't realize how the real world works outside the model. He complains that asset values are too high versus history, completely ignoring the lack of income growth. Also, 20+yrs ago the group was big on Americans not saving enough for retirement. Americans then started putting money away in retirement (financial assets) or houses (RE assets) thereby creating a "bubble" he is complaining about. The author knows this, just chooses to ignore it. He states a claim about Real rates and inflation that you can see from a previous post I don't think is true. It is flawed to look at inflation today (backward looking) and compare it to bond yields, which are future payments. We don't know if a 1yr bill at a yield of 4.6% is still below inflation because we won't know what that inflation is until Dec 2023. I do know that the Fed stopped buying bonds and the market is back to normal participants trying to predict what the yield should be. The market is pretty good at figuring this stuff out. Economists writing op-eds...well, not so much. I do know the solutions aren't going to be easy.
Not really arguing that. I can say there have always been bubbles- Tulip bulbs, South China Sea co, Railroads and Radios, Internet, Housing. And there will be more. I just don't know what the author's point was. He said low rates hurt savers and pushed them into risky assets causing a bubble, but also said they were a group going to get hurt - "Savers, for another, who already have limited ways to diversify to protect their portfolios from decline." My response is WTF!. Pick a lane. You can't have a bubble and then complain people who enjoyed the bubble need to be able to protect their bubble-driven gains.
