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Old 06-19-09, 04:45 PM   #11 (permalink)
Damnsammit
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Re: CNN says DA is wrong!

Yeah, I tend to trust what DA is saying more than CNN. The only thing I don't understand is why economists would purposely give false hope through the media. That would ruin their credibility as economists in the end, wouldn't it?

Where are the reports of more details on the de-leveraging? Obviously they won't be on mainstream media outlets, but is there a good resource online to get more information about the "How" of the recovery? I understand how we got in this position and why it happened, but I can't seem to grasp why everyone is reporting that the worst is over.

It seems to me that if the unemployment is getting larger, and more companies are failing, the stock market rising is just a false hope that some people are blindly buying. Do you believe that the market will suddenly crash overnight (or over a weeks span) or do you think it will be more gradual?

Are we in the middle of the W right now or is there a possibility it is something more complex? Like a V immediatley followed by an L?

Also, a very important question I have for you. I'm 24, so I am not retiring anytime soon. However, I do have a 401k with my company. I had it set at 5% until November of last year and dropped it down to 0%. Then recently I heard that even if the worst happens, it is still wise to put at least some money in the 401k right now so I bumped it up to a whopping 2%. In your expert opinion, should I increase it more?

I'm pretty positive my job will be safe no matter how bad the economy gets since I work for the DoD so that isn't an issue. I'm just thinking about my future.
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