European Tribune - Comments - Buy Stocks, They Said

Buy Stocks, They Said | 32 comments (32 topical, editorial, 0 hidden)

Actually, they said... (4.00 / 2)

... "put your retirement savings in stocks."

Yay for working your whole life! Party like it's 1899!

- Jake

If you only spend 20 minutes of the rest of your life on economics, go spend them here.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Tue Mar 10th, 2009 at 09:26:23 AM EST

Re: Actually, they said... (4.00 / 2)

Actually really actually, they said :

There is NO OTHER WAY than putting your retirement savings in stocks.

And some are still saying it. Wheeeee!

by afew (afew(a in a circle)eurotrib_dot_com) on Tue Mar 10th, 2009 at 09:34:35 AM EST
[ Parent ]

Re: Actually, they said... (none / 1)

I wish to hell we had privatized Social Security.<snark> With all of that dough the Ponzi Scheme could have continued for a few more years. I suspect the Bushy/Repubs were counting on that. Kick all the grannies into the street. They can't fight back anyway.

In the end, might makes right. Nothing has changed since the caveman.

by THE Twank (yatta blah blah @ blah.com) on Tue Mar 10th, 2009 at 09:48:01 AM EST
[ Parent ]

Re: Actually, they said... (none / 0)

According to a piece in Harpers', published during Bush's big push to privatise Social Security, that was exactly what they were planning. Inflate the bubble to create The Bush BDoom. They made out like bandits anyway.

(For the non-native English speakers, "Made out like bandits" is an obscure idiom for "Done Real Good")

by PIGL on Wed Mar 11th, 2009 at 05:31:39 AM EST
[ Parent ]

Re: Actually, they said... (none / 0)

They made off like Madoff.

Most economists teach a theoretical framework that has been shown to be fundamentally useless. -- James K. Galbraith

by Migeru (migeru at eurotrib dot com) on Wed Mar 11th, 2009 at 05:38:07 AM EST
[ Parent ]

Buy Stocks, They Said | 32 comments (32 topical, 0 editorial, 0 hidden)

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