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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (260878)	7/14/2010 5:06:08 PM
From: tejek	Read Replies (1) \| Respond to of 306849

Thanks for rubbing it in....now the red and gold looks even uglier. ;-) LOL. Well, I recently paid off my house. I've been sitting here with my retirement money 100% in cash and finally realized that paying off my house will take some risk out of my portfolio. For the remainder of my working life, I've increased my savings to my retirement accounts by the former mortgage payment to replenish my accounts. So cashflow-wise, it's a net zero change for me. As a result, my time to retirement hasn't change much, but my risk profile went way down. The gov't can keep it's interest payment subsidy on my former mortgage payment on my house. I don't want it.

To: RetiredNow who wrote (260878)	7/14/2010 5:36:13 PM
From: Lazarus	Read Replies (1) \| Respond to of 306849

sounds like you're old enuf to remember bias ply tires... a lot of baby boomers re-tirements will be like those old tires. re-tirement will consist of slapping a new layer of rubber on us and sending us back out on the road.

To: RetiredNow who wrote (260878)	7/14/2010 11:14:55 PM
From: tejek	Respond to of 306849

More good news...... China second-quarter GDP and June inflation slow By V. Phani Kumar HONG KONG (MarketWatch) -- China reported a slowdown in second-quarter gross domestic product growth as well as a number of other economic indicators for June on Thursday, indicating the nation's rapid expansion was beginning to cool as it withdrew some of its expansionary policies. The first-half GDP growth came in at 11.1%, slower than the 11.9% growth recorded in the first quarter. The second-quarter GDP data wasn't immediately available. The country's consumer price index for June increased 2.9% while its producer price index expanded 6.4% from the year-earlier month, with both measures falling below economists' expectations for 3.3% and 6.8%, according to a Dow Jones Newswires survey. June retail sales grew 18.3% and monthly industrial production expanded 13.7%, also slowing from May and dropping below estimates. In May, China's consumer and producer prices rose 3.1% and 7.1%, respectively, while its retail sales and industrial production expanded 18.7% and 16.5%, respectively.