or doom and gloom on the rise
The CBC on line website ran an article about current investing. Pointing out that the usual routine of ' safely ' investing in Gov't bonds ( guaranteed ) or savings accts was becoming problematic.
And many investors were turning to the stock market , albeit reluctantly.
Then I ran across an article online , likely the CBC , that quotes some actuaries as estimating the projected shortfall in U.S.Federal and State pensions at 6 trillion dollars.
The article was mentioning that 1 1/2 % was the benchmark return on ' safe ' investments while noting that such investments ( yielding under 1 % ) were not keeping pace w/ inflation and the cost of living - hence the projected shortfall
EEK !
6 TRILLION , haven't aclue what that means but sounds BIG to me
like probably equal to the national debt of ?????? or a whole lot Alfa Romeo super spyders or somesuch
I've become aware that CNN can be called the voice of negativity , based on my observation that CNN was built for disaster. I recall seeing an item that said 'Sept 11 , 2001 was the making of CNN.
24 hr coverage of the worst disaster on U.S. soil and ' they ' were there to cover it
Weather : Oh yeah ! , warm and sticky and this is not toffee pudding that we're talking about. If we wait 2 days , the cooling will begin BUT then its September ... and shouldn't we be expecting that cooling anyway
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