Mish's Global Economic Trend Analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Mish's Global Economic Trend Analysis

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: KyrosL who wrote (15176)	11/8/2004 11:02:43 PM
From: mishedlo	Read Replies (2) of 116555

Although I am no Bush supporter, his program does not scare me. Privatization of SS, if done right, is a great idea. There is no need for individually managed accounts and lots of wall street fees. The money can be invested by autopilot in a broad market index. And taking the SS contributions out of the government's grasp is a great way to save SS for our children and grandchildren. You assume that markets go up over time. Someone tell that to japan in the 18th year of deflation. The second problem is the huge massive influx of money into the stock markets by such a program when stock valuations are already extreme to say the least. Imagine what a giant influx of money would do. Ultimately would it make any company more worthwhile to own on a cash flow basis? Down the road a bit, what happens to stock prices when fewer and fewer people are contributing and supporting lofty valuations? Does not the next generation get F*d just the same? What happens to all the people that select badly and choose the next enron? There are plenty of problems with the proposal. Mish

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next