Skip to main content

Savings are being wiped out

Image
By scooby

 https://www.dailymail.co.uk/yourmoney/article-14571907/wall-street-stock-market-crash-trump-tariffs.html


"Americans watch in horror as savings are WIPED OUT as Wall Street chaos sees trillions more dollars evaporate."

That was from a few days ago, try checking the market Monday morning.

Drop of 15% in a week. Maybe not wiped out but that is not good for retirement funds. Who knows how far this could drop 25% is now very feasible
especially if China and Europe just screw the US but I would not be surprised if it goes way lower. Bitcoin is down 27% Since Jan.

Not looking good. Also do I have to pay 25% for my next Ferrari?

Comments

Anonymous said…
20% down since Dec 4.
4/08/2025 9:11 PM
Anonymous said…
That simply means the “worth” was inflated in the first place.
4/12/2025 7:24 PM
Anonymous said…
It's funny but my Physics degrees are paying off, and I have gained slightly rather than lost at least in US dollar terms. The US dollar has however, lost some value against other currencies, and many goods may now be more expensive.

It is unclear to me how the tariff situation will work out, but naturally there will always be unforeseen events and developments in the future, and these may turn out to be even more important for the markets. So it is important to not only focus on current events.
4/18/2025 6:58 AM
Post a Comment

Popular posts from this blog

Plutonium Shots on NIF.

By scooby
Tri-Valley Cares needs to be on this if they aren't already. We need to make sure that NNSA and LLNL does not make good on promises to pursue such stupid ideas as doing Plutonium experiments on NIF. The stupidity arises from the fact that a huge population is placed at risk in the short and long term. Why do this kind of experiment in a heavily populated area? Only a moron would push that kind of imbecile area. Do it somewhere else in the god forsaken hills of Los Alamos. Why should the communities in the Bay Area be subjected to such increased risk just because the lab's NIF has failed twice and is trying the Hail Mary pass of doing an SNM experiment just to justify their existence? Those Laser EoS techniques and the people analyzing the raw data are all just BAD anyways. You know what comes next after they do the experiment. They'll figure out that they need larger samples. More risk for the local population. Stop this imbecilic pursuit. They wan...
155 comments
Read more

Trump is to gut the labs.

By scooby
The budget has a 20% decrease to DOE office of science, 20% cut to NIH. NASA also gets a cut. This will  have a huge negative effect on the lab. Crazy, juts crazy. He also wants to cut NEA and PBS, this may not seem like  a big deal but they get very little money and do great things.
124 comments
Read more

tcp1 looking good

By scooby
I just received my annual TCP-1 letter from LLNS and a summary of the LLNS Pension Plan. Looked in pretty good shape in 2013. About 35% overfunded (funding target attainment percentage = 134.92%). This was a decrease from 2012 where it was 51% overfunded (funding target attainment percentage = 151.59%). They did note that the 2012 change in the law on how liabilities are calculated using interest rates improved the plan's position. Without the change the funding target attainment percentages would have been 118% (2012) and 105% (2013). 2013 assets = $2,057,866,902 2013 liabilities = $1,525,162,784 vs 2012 assets = $1,844,924,947 2012 liabilities = $1,217,043,150 It was also noted that a slightly different calculation method ("fair market value") designed to show a clearer picture of the plan' status as December 31, 2013 had; Assets = $2,403,098,433 Liabilities = $2,068,984,256 Funding ratio = 116.15% Its a closed plan with 3,781 participants. Of that number, 3,151 wer...
105 comments
Read more