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» Flare Sci-Fi Forums » Community » The Flameboard » I didn't need my 401K anyway...

   
Author Topic: I didn't need my 401K anyway...
Jason Abbadon
Rolls with the punches.
Member # 882

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YOu guys watching Wall Street tank in the hardest way possible?

Is this impacting your lives?

It sorta does mine, in that I luckily just took out whatever I could from my 401K to buy a new car and have some fallback cash in case my new manager at work gets all "fire happy" so while that money is in my checking account or spent on my ride (2002 black Impala former police cruiser!) I know I gotta pay that "loan" back...and back into what exatly is the question.

You guys take a hit here? International Flarites, how does this look from your end?

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Justice inclines her scales so that wisdom comes at the price of suffering.
-Aeschylus, Agamemnon

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Mars Needs Women
Sexy Funmobile
Member # 1505

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I'm just worried about my career opportunities. All this austerity BS makes me worried no one wants to hire an instructor, teacher, etc. And I'm guessing cost of living will go up too.
Registered: Feb 2005  |  IP: Logged
Nim
The Aardvark asked for a dagger
Member # 205

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Teacher? So you're that leech on society's body I heard so much about, sitting on piles of cash stolen through tax- and state funds from hard-working bankers, gunrunners and building contractors. How do you sleep at night?
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Fabrux
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I didn't even know anything about a new crash. Must investigate...

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"I am going out to find myself. If I should get here before I return, please hold me until I get back."

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WizArtist II
"How can you have a yellow alert in Spacedock? "
Member # 1425

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What's scary is the way the price of gold is sky-rocketing. That happens when people with money believe that stocks are not going to rebound anytime soon. At last check gold was trading at $1,750.00 per ounce. One year ago it was $1,200 per.

My guess is that we are about to revisit the 1930's.

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There are 10 types of people in the world...those that understand Binary and those that don't.

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Fabrux
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The price of crude went from $100/bbl to $83/bbl. Hmm! I doubt the price of gasoline will drop that far that fast.

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"I am going out to find myself. If I should get here before I return, please hold me until I get back."

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Mars Needs Women
Sexy Funmobile
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quote:
Originally posted by WizArtist II:
What's scary is the way the price of gold is sky-rocketing. That happens when people with money believe that stocks are not going to rebound anytime soon. At last check gold was trading at $1,750.00 per ounce. One year ago it was $1,200 per.

My guess is that we are about to revisit the 1930's.

Yeah that whole We Buy Gold crap is scam aimed at getting people worried about the economy into spending a fortune on gold thinking they can sell it later at a higher price. What will end up happening is that gold prices will go down, people will lose money, and another "bubble" will burst.
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Nim
The Aardvark asked for a dagger
Member # 205

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Goldline International must be in a state of perpetual boner right now.
Registered: Aug 1999  |  IP: Logged
Jason Abbadon
Rolls with the punches.
Member # 882

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quote:
Originally posted by Fabrux:
The price of crude went from $100/bbl to $83/bbl. Hmm! I doubt the price of gasoline will drop that far that fast.

The fixed price of gas has never really had much to do with the price of oil- there would have to be a very proloned dip in oil prices for gas to really be lowered in price.

Of course, oil companies use any pretense to raise prices- anything from unrest in the middle east to OPEC taking an extra long lunch.

Registered: Aug 2002  |  IP: Logged
   

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