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GeneralRe: Got a new housemate Pin
Ron Anders9-Mar-20 13:09
MemberRon Anders9-Mar-20 13:09 
GeneralRe: Got a new housemate Pin
V.9-Mar-20 20:42
professionalV.9-Mar-20 20:42 
GeneralRe: Got a new housemate Pin
Johnny J.9-Mar-20 23:39
professionalJohnny J.9-Mar-20 23:39 
GeneralRe: Got a new housemate Pin
Paul Kemner10-Mar-20 4:59
MemberPaul Kemner10-Mar-20 4:59 
GeneralThe Gruaniad shows the disastrous effect the coronavirus has had on the Australian economy Pin
Mark_Wallace9-Mar-20 2:15
MemberMark_Wallace9-Mar-20 2:15 
GeneralRe: The Gruaniad shows the disastrous effect the coronavirus has had on the Australian economy Pin
Slacker0079-Mar-20 2:20
professionalSlacker0079-Mar-20 2:20 
GeneralRe: The Gruaniad shows the disastrous effect the coronavirus has had on the Australian economy Pin
RickZeeland9-Mar-20 3:21
mveRickZeeland9-Mar-20 3:21 
GeneralRe: The Gruaniad shows the disastrous effect the coronavirus has had on the Australian economy Pin
W Balboos, GHB9-Mar-20 5:29
mveW Balboos, GHB9-Mar-20 5:29 
Basically why I am (and have always been) against any sort of ability for Soc Security to be invested in the market (or privatized, which will be the same thing). This current situation could cause a lot of people to cause a run-up in the price of dog-food.

Here's how these things would work:
SSA 'users' get a chance to invest in the market - causing a big surge in demand and thus in prices. The "pro's" sell into the run-up and make seriously huge profits. The initial pool of money dries up and prices start to go down to match demand (read that collapse). Now the pro's buy the stuff back. The harvest is complete.

Now today's event is partly pointless panic and partly related to (as I read it) the Saudi's deliberately dropping the price of oil. It's not the same as paragraph two, but it reinforces that something like one's retirement should be in ever more stable investments as they age - as in one's safety-net called Social Security.*


* this is not partisan if that comes to mind. I have, for example, been against burning oil even when it was $3/bbl - as it's too precious a raw material to just burn. U235 is a good source of energy while other means are developed. I make up my own mind - unfortunately, no one with influence cares to listen

Ravings en masse^
"The difference between genius and stupidity is that genius has its limits." - Albert Einstein
"If you are searching for perfection in others, then you seek disappointment. If you seek perfection in yourself, then you will find failure." - Balboos HaGadol Mar 2010

GeneralRe: The Gruaniad shows the disastrous effect the coronavirus has had on the Australian economy Pin
Slacker0079-Mar-20 7:35
professionalSlacker0079-Mar-20 7:35 
GeneralRe: The Gruaniad shows the disastrous effect the coronavirus has had on the Australian economy Pin
Greg Utas9-Mar-20 7:59
professionalGreg Utas9-Mar-20 7:59 
GeneralRe: The Gruaniad shows the disastrous effect the coronavirus has had on the Australian economy Pin
DRHuff9-Mar-20 17:32
MemberDRHuff9-Mar-20 17:32 
GeneralRe: The Gruaniad shows the disastrous effect the coronavirus has had on the Australian economy Pin
Slacker0079-Mar-20 21:48
professionalSlacker0079-Mar-20 21:48 
GeneralRe: The Gruaniad shows the disastrous effect the coronavirus has had on the Australian economy Pin
DRHuff10-Mar-20 2:46
MemberDRHuff10-Mar-20 2:46 
GeneralRe: The Gruaniad shows the disastrous effect the coronavirus has had on the Australian economy Pin
Michael Martin9-Mar-20 2:52
professionalMichael Martin9-Mar-20 2:52 
GeneralRe: The Gruaniad shows the disastrous effect the coronavirus has had on the Australian economy Pin
Mark_Wallace9-Mar-20 3:43
MemberMark_Wallace9-Mar-20 3:43 
GeneralRe: The Gruaniad shows the disastrous effect the coronavirus has had on the Australian economy Pin
dandy729-Mar-20 4:59
Memberdandy729-Mar-20 4:59 
GeneralRe: The Gruaniad shows the disastrous effect the coronavirus has had on the Australian economy Pin
Greg Utas9-Mar-20 5:28
professionalGreg Utas9-Mar-20 5:28 
GeneralRe: The Gruaniad shows the disastrous effect the coronavirus has had on the Australian economy Pin
W Balboos, GHB9-Mar-20 6:32
mveW Balboos, GHB9-Mar-20 6:32 
GeneralRe: The Gruaniad shows the disastrous effect the coronavirus has had on the Australian economy Pin
Greg Utas9-Mar-20 6:42
professionalGreg Utas9-Mar-20 6:42 
GeneralRe: The Gruaniad shows the disastrous effect the coronavirus has had on the Australian economy Pin
Slacker0079-Mar-20 7:37
professionalSlacker0079-Mar-20 7:37 
GeneralRe: The Gruaniad shows the disastrous effect the coronavirus has had on the Australian economy Pin
Mark_Wallace9-Mar-20 21:45
MemberMark_Wallace9-Mar-20 21:45 
Generaloii code-witch Pin
Nelek9-Mar-20 1:53
protectorNelek9-Mar-20 1:53 
GeneralRe: oii code-witch Pin
honey the codewitch9-Mar-20 14:28
mvahoney the codewitch9-Mar-20 14:28 
GeneralRe: oii code-witch Pin
DRHuff9-Mar-20 17:34
MemberDRHuff9-Mar-20 17:34 
GeneralRe: oii code-witch Pin
Nelek10-Mar-20 1:17
protectorNelek10-Mar-20 1:17 

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