Somehow, we must convince younger generations that the culprit was unsound finance. And it’s absolutely fixable. Deeply flawed, experimental central banking was fundamental to dysfunctional markets and resulting deep financial and economic structural impairment.
l your Congressman, NO free bailout until corporations are financially restructured. Period.
I have come to the realization that my attempts to overcome the euphoria in many TSP investors has been grossly inadequate to overcome years of “it always bounces back” marketing.
I have to adjust my message for today’s post-Bubble backdrop: I understand we can’t allow the system to collapse, but Please Don’t Completely Destroy the Soundness of Central Bank Credit and Government Debt. Does anyone realize what’s at stake?
We have NEVER experienced anything like this in modern history. So NOOOO, you can not use history as your guide for long-term investing as suggested in this article and many others over the years…
We recommended existing equities on 26 January & told the last holdouts to move from the TSP F fund (bond funds) to the TSP G fund (or the safest funds) by 9 March which happened to be a top for the bond funds.
What did your adviser tell you?
And if there is any confusion about the title. It does not represent people lining up at their banks. It represents wall street banks, hedge funds, and corporations lining up at the Federal Reserve’s Emergency Lending Window looking for handouts to pay their bills and bonuses. We the people should be so lucky.
Last week JP Morgan announced they were borrowing from the Federal Reserve’s Emergency Lending Window to “break the stigma”. Here we go again.