Retirement Targets

cycloner29

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Dec 17, 2008
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Pretty sure we ran into Blair (Lisa Whelchel) was at Mullets in Des Moines a couple of years ago. Had no idea she is 61. I thought I was old!!
 

Cyclones_R_GR8

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Now I feel old. I'm right with you. You have to remember that they made them look older than early 50s for the show (at least that is what Im telling myself)
A lot of it is perception. Remember how old your grandparents seemed when you were a kid? Now you are at that age or possibly older and do you see yourself as that old?
 

BCClone

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Not exactly sure.
A lot of it is perception. Remember how old your grandparents seemed when you were a kid? Now you are at that age or possibly older and do you see yourself as that old?
I get your point but my grandparents were 70 some when I was born. Plus women have enough cosmetic stuff that they look longer now. Some men do too

I do agree that age is relate and a perspective.
 

CascadeClone

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Oct 24, 2009
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PPP program was a basic ripoff of the federal government and totally legal. Every farmer I know got money from the program, along with churches and a lot of other businesses that did not lose a dime during covid.
One can argue if the loan forgiveness was good policy or not. Personally, I think it was less bad than what the UK did, for example. We got a couple, and it helped us to not lay anyone off. In the end did we NEED it to keep from going bankrupt? No. But we probably would have laid a couple people off. The money they printed and flooded into the economy definitely helped keep from having an even worse downturn - even though it was a big cause of inflation afterwards. Put me in the "least bad thing to do" camp, I suppose.

But here's what should really cheese us all off- around $200 BILLION (with a B) in straight up FRAUD. This is how well the Feds take care of your money. What kills me about it, is that they did this thru banks, who should have known better when vetting people signing up for free cash.

1726675118563.png
 

BCClone

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Not exactly sure.
25 bps with a dovish forecast/outlook should be the play

FOMC needs to leave ammo available but should start to bring down the forward dot plot
I think a 1/2 now would energize things. A 1/4 would be Ho hum since it’s factored in already. Some politicians are saying there should be a 3/4. I think that is too strong.
 

ClonesFTW

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Nov 13, 2013
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I think a 1/2 now would energize things. A 1/4 would be Ho hum since it’s factored in already. Some politicians are saying there should be a 3/4. I think that is too strong.
History would say we will see major sell-off if they go 50bps or more today. If they go 25 we could see new all-time highs - which is why my final guess today is 25.
 

BCClone

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Not exactly sure.
History would say we will see major sell-off if they go 50bps or more today. If they go 25 we could see new all-time highs - which is why my final guess today is 25.
I think it will be 1/4 especially this close to an election. They have generally went slow in this situation
 

1SEIACLONE

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Jun 2, 2024
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One can argue if the loan forgiveness was good policy or not. Personally, I think it was less bad than what the UK did, for example. We got a couple, and it helped us to not lay anyone off. In the end did we NEED it to keep from going bankrupt? No. But we probably would have laid a couple people off. The money they printed and flooded into the economy definitely helped keep from having an even worse downturn - even though it was a big cause of inflation afterwards. Put me in the "least bad thing to do" camp, I suppose.

But here's what should really cheese us all off- around $200 BILLION (with a B) in straight up FRAUD. This is how well the Feds take care of your money. What kills me about it, is that they did this thru banks, who should have known better when vetting people signing up for free cash.

View attachment 134649
I would guess that $200 billion number is low. I mean every farmer I know took part in this program, you could go to the web site and see how much each of them received. These people were farmers, they laid no one off and did not miss planting or harvesting.

The sorry thing is people that had jobs that were closed got very little, while others that were not affected like farmers received much more. Many treated its as a very low interest loan, and if they had to pay it back, cheaper than borrowing money from a bank. In the end, they did not have to repay it, basically free money.
 

ClonesFTW

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Nov 13, 2013
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Wow they went 50, they are taking some inflation risk with that decision. They will call it a "dovish" 50 but I'm not too sure investors will see it that way over the next 6 months. Time will tell
 

NickTheGreat

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Jan 17, 2012
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A lot of it is perception. Remember how old your grandparents seemed when you were a kid? Now you are at that age or possibly older and do you see yourself as that old?

I talked to my first grade teacher a few weeks ago. She seemed kinda old to me then. That was 30 years ago, and she's probably 70 now. :oops: