Originally Posted by motordavid

I hear you, BigR...I just wanna stay retired, and not be eating WalMartNation
brand dog mix in another decade and a half.

Not whining, but for the few retired/fixed income gang here, this
past couple months watching the Mkt has not been fun. I realize
it will/should/could get back to "normal" or get better, or stumble
through a serious slowdown, and I'm not hitting the panic button,
but it is a real concern.

I've lived through several slowdowns, a few recessions, etc. But,
I was always gainfully employed at the time with very good dough
pouring in over the transom...this is a different time & situ, for me.

I think while JoeAmerica maybe pulling in his spending horns a tad,
it is indeed, the overextention of personal spending/credit, tied to
the Ponzi scheme like rebundling of crap "credit/loans" that the Wall
St geniues concocted, that will drag us into a no fun situ. Tie that
to the cost of "energy", (manipulated at the very least), shaky
credit mkts., and it's gonna be an ugly year.

I won't miss lunch and I don't live in a retiree reefer box, but I do have
some short term and rest of decade concerns...

Trying to avoid "politics", but my sense of the 'tax rebate' is that the
pittance offered to JoeSixPack, (persumably to go out and spend that
small pennies from heaven sum, thus "fueling" the econ.), and it will be
basically "funded" by selling more junk TBills to the mkt., (read China,
Saudis, et al.) What a fookin system...Edit: my point here is not that
I care who buys our gov't "junk" bonds, but that we continue to pump
them out, sell them, and hope that the Piper will win some future lotto
to "pay back" in some future time...

Maybe you need a remote "assistant" here in FL/NC? ;>)
BR,mD